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Ekonomické zprávy
27.08.2024

ECB's Governing Council member Knot warns an inappropriate fiscal stance can hamper the efficacy of monetary policy

European Central Bank Governing Council member Klaas Knot warned on Tuesday that an inappropriate fiscal stance could hamper the efficacy of monetary policy. He added that a more restrictive fiscal policy would have been desirable.

The official also said the ECB's policymakers will wait for data to decide on the September rate-cut view. 

In addition, Knot noted that as long as the disinflation path converges to 2% before the end of 2025, then he is comfortable with gradual policy easing.


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