Economics
ECB Stimulus Debate Sees Some Urging Action, Some Awaiting Data
- Knot Says ECB should wait for data before adding support
- Hernandez de Cos says ‘significant stimulus’ still needed
Klaas Knot
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
European Central Bank officials revealed differences in opinion Tuesday about the next steps the institution should take to support the euro-area economy and boost inflation.
Dutch central banker Klaas Knot said the ECB should wait for more information about the state of the economy before it decides whether more stimulus is needed. Hours later, the governor of the Bank of Spain, Pablo Hernandez de Cos, said the region’s economic outlook was “highly uncertain,” and “there is no room for complacency.”