ECB rate hike tipped for fourth quarter of this year

Support for winding down of the eurozone central bank's asset purchasing programme

Klaas Knot, a member of the European Central Bank's governing council, said he expects the ECB to raise interest rates in the fourth quarter.

Klaas Knot, the Dutch central bank president and a member of the European Central Bank's governing council, has said he expects the ECB to raise interest rates in the fourth quarter of this year.

In an interview on Dutch television, Mr Knot, known as one of the more hawkish members of the ECB's board, said he supported winding down the eurozone central bank's asset purchasing programme as quickly as possible.