(Global Stagflation) - ECB has 'long way' to go with rate hikes, Knot says

'FRANKFURT, Nov 18 (Reuters) - The European Central Bank still has a "long way" to go before interest rates peak, as inflation could also take an extended period to come down, Dutch central bank chief Klaas Knot said on Friday.

"We still have a long way to go," Knot said when asked where rates could peak.'

- ECB has 'long way' to go with rate hikes, Knot says, November 18, 2022



Context

Eurozone inflation hits record high of 10.7%, October 31, 2022

(Global Stagflation) - '..societal collapse .. central banks have been “dishonest” in deflecting blame for the price surge from their prolonged use of ultra-loose monetary policy...'

(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'