Dutch governor warns of unconventional policy hazards
Knot also argues for expansionary fiscal policy and symmetrical inflation target
Netherlands Bank governor Klaas Knot has argued the European Central Bank should become much more cautious about the use of unconventional monetary policies.
The Dutch governor’s latest intervention comes as the ECB prepares to review its monetary policy structure. Knot also gave two major speeches in New York in October setting out his vision for reforms of the eurozone’s economic framework.
Knot repeatedly stressed that central bankers had much less understanding of unconventional policy
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