Economics

ECB’s Knot Says He Fully Supports Lagarde’s Monetary-Policy Plan

Klaas Knot during the World Economic Forum in Davos, Switzerland, on May 25. — Klaas Knot during the World Economic Forum in Davos, Switzerland, on May 25.
Photographer: Hollie Adams/Bloomberg

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By Alexander Weber

May 25, 2022 at 10:16 AM UTC

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European Central Bank Governing Council member Klaas Knot said he endorses President Christine Lagarde’s new policy timetable, which foresees an exit from negative rates by the end of the third quarter.

“I’m fully on board, I fully support everything that is in the blog,” the Dutch central banker said at panel discussion in Davos Wednesday. “I think it nicely charts the policy course.”