ECB's Knot: Two rates hikes this year can't be excluded

• Rate hike in Q4 is stil a realistic expectation but by no means a certainty
• Two rates hikes this year can't be excluded but that would require a further upward revision of inflation expectations
• Asset buys should be reduced to 10B euros in July and should end at the end of July
• Sept should be available for a rate hike "not that I expect rates will have to go up in Sept"

This is a clear outline of the state of play for the ECB as it currently stands. Everything he's outlining here is conditional but the way the wind is blowing at central banks, I suspect that Sept hike will be on the table before long.