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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
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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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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.