Don't Rule Out September Rate Hike, ECB's Knot Says

The transcript discusses the ECB's potential rate hike in September, highlighting differing hawkish and dovish views among ECB members. It covers the inflation outlook, economic conditions, and the challenges faced by the ECB in making rate decisions. The ECB's inflation forecasts remain above target through 2025, with a focus on achieving the 2% target sooner. The transcript also addresses the difficulty in economic forecasting due to structural inflation issues.

What is the main concern regarding the September hike mentioned in the text?

How does the speaker perceive the balance of the economy and inflation outlook?

What factors are contributing to the difficulty of the ECB's decision-making process?

What does the speaker suggest about the inflation forecasts for the upcoming meeting?

What implications does the speaker mention regarding the structural elements pushing up inflation?