ECB's Knot: should be clear on ending asset purchases after September - Reuters

Omkar Godbole FXStreet Contributor

The European Central Bank (ECB) should make it clear how it will end its asset purchases as soon as possible after its expiry in September., said Dutch central bank president Klaas Knot told on a Dutch current affairs program Buitenhof on Sunday.

Key quote (Source: Reuters)

There is no reason whatsoever to continue the programme, I feel that we need to be clear about this.

Ending the asset purchases would give room to start looking at the possibility of increasing interest rates in 2019, although rates will probably only rise slowly and gradually in the coming years.

Interest is mainly low because there are more people that want to save, than that want to invest. This will change as the economy grows, but that will take time

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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