ECB’s Knot Says Too Early to Declare Victory Over Inflation

ECB Governing Council member Klaas Knot said the evidence was stacking up that tighter monetary policy is feeding into the eurozone economy but “we must remain cautious.”

“It is still too early to declare victory over inflation,” he said Friday in Marrakech, Morocco at a Euro50 seminar on the sidelines of the annual meetings of the International Monetary Fund and World Bank.