Knot Says QE Program Must End ‘As Soon As Possible’

Program has done what could be expected of it, Knot says
Central bank inching toward unwinding unprecedented stimulus

ECB President Mario Draghi says he sees "very few chances at all that interest rates could be raised this year." Source: European Central Bank

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By Wout Vergauwen, Ruben Munsterman, and Jana Randow

January 28, 2018 at 1:56 PM UTC

Updated on

January 29, 2018 at 4:00 AM UTC

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The European Central Bank has to end its quantitative easing as soon as possible, according to ECB Governing Council member Klaas Knot, who said there’s not a single reason anymore to continue with the program.

“The program has done what could realistically be expected of it,” Knot, who also heads the Dutch Central Bank, said in an interview on the television talk show Buitenhof on Sunday.