Knut is also a member of the Governing Council of the European Central Bank.
At its latest meeting last week, the European Central Bank raised interest rates by 25 basis points to 3.75%, in line with expectations, in the seventh consecutive hike since last year. , in order to control inflation.
It was the first time the ECB eased interest rate hikes this year.
The ECB raised rates in December, February and March by half a percentage point each month.
The move is similar to what the US Federal Reserve did on Wednesday, which raised interest rates by 25 basis points, taking interest rates in the world’s largest economy to a 5-5 range, 25%.
The bank kept its options open on future moves as it continues its battle to tackle high inflation in the euro zone, but did not mention the need for further increases.
The central bank said in its statement that inflation expectations “remain elevated for a very long time.”
He added that although underlying inflation has declined in recent months, underlying price pressures “remain strong”.
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