Skip to content
Subscriber Only
Markets
Economics

ECB’s Knot Defends Going Public With QE Rebuke Amid Outcry

  • Dutch central banker said Governing Council knew his plans
  • Knot will face lawmakers in the Hague, Draghi goes to Brussels
German Economic Reversal Piles Pressure on Chancellor Merkel for Stimulus
Photographer: Alex Kraus/Bloomberg

Dutch policy maker Klaas Knot defended his decision to go public with his dissent from the European Central Bank’s decision to restart bond-purchases after a contentious meeting that exposed a deep rift among its officials.

Speaking in an interview with Telegraaf newspaper published on Monday, Knot said the Governing Council knew of his plan to release a statement explaining his position. It came a day after the ECB decided on a new package of stimulus measures that also included a rate cut and easier terms of long-term loans for banks.