(Bloomberg) -- European Central Bank Governing Council member Klaas Knot said a half-point rate interest rate hike remains an option for July.

“The way I read the blog of our president, it’s clearly not off the table,” the Dutch central bank chief said, referring to President Christine Lagarde’s new policy timetable published on Monday.

Knot, a hawkish voice on the Governing Council, earlier on Wednesday endorsed Lagarde’s plan. He’d previously been the first official to mention the possibility of a move of that extent.

Speaking in an CNBC interview on Wednesday, he noted that officials will get another two inflation readings before their July meeting, which has been billed as the moment for rates to lift off. 

“We can only afford gradualism if inflation expectations are well anchored,” Knot said. “They are now at the upper limit of still being well anchored,” he said, adding that officials need to stay nimble in case that changes. 

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