Economics
Knot Sounds Alarm Over the Impact of Dutch House-Price Swings
- Central bank governor gives speech in Utrecht, Netherlands
- Urges actions to address surge in country’s property prices
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Dutch central bank Governor Klaas Knot urged action on Monday to prevent large swings in property prices, warning they could damage the euro area’s fifth-biggest economy if left unchecked.
“The cyclical nature of the housing market and economy in the Netherlands remains remarkably high,” said Knot, who also sits on the European Central Bank’s rate-setting Governing Council. “I personally think it is very important to do something about this.”