Economics
Draghi Stimulus Critic Has No Regret as Rift Shifts to Etiquette
- Knot defends use of public statement opposing QE resumption
- Ex-ECB chief economist Praet said tactic was ‘inappropriate’
Klaas Knot
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Netherlands central bank chief Klaas Knot was unapologetic as he defended his release of a public declaration openly criticizing the European Central Bank’s latest monetary stimulus after its Sept. 12 meeting.
Speaking a day after former ECB Chief Economist Peter Praet called the use of a statement of opposition as “inappropriate,” the Dutch governor hit back by saying that the way a decision is communicated “is an extension of the way in which a decision was made.”