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ECB to prioritise taming inflation over growth – Knot


ECB to prioritise taming inflation over growth – Knot By Reuters

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Economy 8 minutes ago (Sep 09, 2022 09:15)

© Reuters. FILE PHOTO: European Central Bank (ECB) board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 REUTERS/Eva Plevier/File Photo

AMSTERDAM (Reuters) – The European Central Bank (ECB) will prioritise bringing down spiralling inflation in coming months and will dampen economic growth in the process, ECB governing council member Klaas Knot said on Friday.

“We expect inflation to keep rising in the coming months, so that means we only have one problem on our plate: inflation. And that will mean that we will have to slow economic growth at least a bit to reduce inflation”, Knot said in an interview with Dutch radio broadcaster BNR.

ECB to prioritise taming inflation over growth – Knot

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Kwarteng: Truss Energy Bill Cap Will Require Short-Term Government Spending – FT

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