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29 Mar 2018
ECB's Knot: QE should be phased out after September
Below are some key comments from the Dutch central bank governor Klaas Knot's Reuters interview on the European Central Bank policy.
• Unwinding extraordinary stimulus could take a decade
• Greater risk of acting too slow rather than too quick in normalizing policy
• Comfortable with market expectations for ending QE in Q4 and rate hike Q2 2019
• Market expectations and ECB view are converging
• Relatively close to sustained adjustment in path of inflation
• Recent euro appreciation not a big concern