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.