ECB Executive Board Member Knot: If next forecast confirms increased inflation risks, further rate hike needed promptly

BlockBeats News, September 1st, ECB Executive Board Member Knoevel stated that the recent upside risks to euro area inflation have increased. If the ECB's next projections confirm this, it will be necessary to raise interest rates further promptly. Additionally, the ECB must ensure that the medium-term inflation rate does not sustainably exceed the 2% target.