(Reporting by Padraic Halpin; editing by Jason Neely)
DUBLIN, April 20 (Reuters) - European Central Bank
policymaker Klaas Knot said he is "not uncomfortable" with
current market expectations which envisage interest rates rising
to around 3.85% from 3% currently, the Dutch central banker told
the Irish Times in an interview.
"We are now in what I would call mildly restrictive
territory with policy rates, but inflation is not mild.
Inflation is still much too high," the newspaper on Thursday
quoted him as saying.
"Mildly restrictive territory will not be enough to counter
an underlying inflation rate that has been creeping up towards
6%. We need a sufficiently restrictive stance. Where is
sufficiently restrictive, I don't know, but clearly not where we
are today."
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