Global Analysis from the European Perspective. Preparing for the world of tomorrow

Klaas Knot, Dutch member of the ECB’s Governing Council, speaks out against ECB policy measures

Klaas Knot, President of “De Nederlandsche Bank” (DNB) and member of the ECB’s Governing Council, speaks out against the package. “This broad package of measures, in particular restarting the APP, is disproportionate to the present economic conditions, and there are sound reasons to doubt its effectiveness. The euro area economy is running at full capacity and wages are increasing. Financing conditions for consumers, businesses and governments are highly accommodative and provide no impediment to credit supply, consumption or investment. Meanwhile, there are increasing signs of scarcity of low-risk assets, distorted pricing in financial markets and excessive risk-seeking behaviour in the housing markets.” Source DNB

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