ECB's Knot: Tighter Fiscal Policy Could Have Curbed Prices

The Governor of the Dutch Central Bank, Klaas Knot, stated that stricter fiscal policy in Europe could have aided in the fight against rising inflation. He emphasized that reasonable cuts to budget deficits and more responsible spending could reduce price pressures, which have especially surged over the past year. In his view, this could also assist the Central Bank in implementing its monetary policy.

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ECB's Knot Seeks More Data to Assess September Rate Cut Potential

A key statement from European Central Bank (ECB) representative Klaas Knot raises questions about the future of monetary policy in Europe. In an interview, he noted that before deciding on a potential rate cut at the upcoming meeting scheduled for September, additional economic data must be analyzed. Knot emphasizes that the current conditions in the financial markets, as well as indicators of inflation and economic growth, require careful evaluation to make an informed choice.

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