Timing of ECB rate hike still not fixed: Dutch central bank governor

AMSTERDAM (Reuters) – The European Central Bank (ECB) will have to start discussing the timing of an interest rate hike in January and the outcome of that debate is still open, Dutch central bank governor Klaas Knot said on Monday.

Knot stood by the ECB’s current guidance that interest rates would remain at their current, record-low level through next summer but said this was only an expectation.

“We are very comfortable with our choice of words”, Knot told reporters.

“But it reflects an expectation, and as any statistician knows, an expectation represents the midpoint in a collection of outcomes, and always holds the possibility of other outcomes to the left or the right of that point.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.