5/17, 12:41 PM (Source: TeleTrader)
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ECB's Knot says 25 bps rate hike is 'realistic'

President of the Dutch central bank De Nederlandsche Bank (DNB) and the European Central Bank (ECB) Governing Council member Klaas Knot (pictured) stated on Tuesday that a 25 basis-points increase in ECB's interest rate is "realistic."

The euro area's central lender might consider lifting its key interest rates by 50 basis points at the next meeting if the inflation data suggests such a move is necessary, he told in a televised interview.

"ECB needs to normalize its [monetary] policy," he stressed and warned that people in the Eurozone need to brace for higher inflation "in the coming months."

Baha Breaking News (BBN) / BU