ECB Knot: ECB can be expected to keep raising rates for quite some time after March

ECB Knot is on the wires saying:

• ECB can be expected to keep raising rates for quite some time after March

Back on February 8, Knot said:

• headline inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term appears to have peaked
• policy rates have socially been brought into neutral range
• Keeping current pace of hikes into May could well be needed if underlying inflation does not materially abate
• Once we see a clear, decisive turn in underlying inflation dynamics, I expect ECB to move to smaller steps
• Sharp decrease in energy prices could bring down headline inflation faster than projected by ECB
• Slowdown in growth seems even more shallow, short lived than expected.
• Sees no recession in winter