June 6, 2018 / 11:03 AM / 6 months ago

Dutch cenbank president Knot says ECB should end bond purchasing program

AMSTERDAM, June 6 (Reuters) - The European Central Bank should end its bond purchasing program as soon as possible, the Dutch central bank president said on Wednesday.

Klaas Knot, who is also a member of the ECB’s governing council, said inflation in the eurozone is approaching 2 percent and there was no reason to continue a quantitative easing program.

“That’s why I and most market experts think it makes sense to herald the end of the bond purchasing programme quickly,” he told lawmakers at a meeting in Dutch parliament. (Reporting by Toby Sterling Editing by Matthew Mpoke Bigg)

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