Knot (ECB) sees end of bond purchases at the beginning of the third quarter

Knot ECB sees end of bond purchases at the beginning

(Finance) – “For when we return from our summer break, I don’t think we are currently in a position to rule out any possible liftoff scenario“, or the rise in rates. He said so Klaas Knot, president of the Bank of the Netherlands and member of the Governing Council of the ECB, in an interview with Bloomberg Television from the Ambrosetti forum in Cernobbio. “It could be September, October, December, anything could be possible“added Knot.

“Among the parameters we have set for March, we should reduce the Asset Purchase Program (APP) as fast as possible”, highlighted Knot during the interview – We said by the third quarter, which would mean at the beginning of the third quartermore than in the end “.

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