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ECB’s Knot Warns Central Bank Could Be Underestimating Inflation

  • Dutch central banker says 1970s are a cautionary tale
  • Pandemic bond-buying program should end “around March 2022”

Photographer: Ramon Van Flymen/AFP/Getty Images

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European Central Bank policy maker Klaas Knot warned that policy makers may be underestimating the potential for accelerating inflation to become entrenched, and that emergency monetary stimulus should end around March 2022.