AMSTERDAM—Klaas Knot, the Dutch central bank president and a member of the European Central Bank’s Governing Council, said on Sunday he expects the ECB to raise interest rates in the fourth quarter of this year. In an interview on Dutch television program Buitenhof, Knot, known as one of the more hawkish members of the ECB’s board, said he supported winding down the euro zone central bank’s asset purchasing program as quickly as possible. “Personally I expect our first rate increase to take place around the fourth quarter of this year…. Normally we would raise rates by a quarter percentage point, I have no reason to expect we would take a different step.” He added that he thought a second hike would likely follow in early 2023. Knot’s remarks come after ECB President Christine Lagarde on Thursday opened the door to an interest rate increase in 2022 but said it was …
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