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ECB’s Knot Says Tools Are Available to Counter Euro Strength

  • Central bank still has room to cut interest rates, Knot says
  • Dutch ECB Governing Council member speaks on Bloomberg TV
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ECB Govening Council member Klaas Knot speaks to Francine LacquaSource: Bloomberg)
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The European Central Bank has the necessary tools, including interest-rate cuts, to prevent any further strengthening of the euro undermining inflation, Governing Council member Klaas Knot said.

“That is something we of course monitor very, very carefully,” Knot, who heads the Dutch central bank, said in a Bloomberg TV interview on Wednesday. “It’s one of the factors, not the exclusive factor, but one of the factors we take into account when arriving at our assessment of where inflation is going to go.”