ECB’s Knot: ECB's bond buys' impact on inflation disappointing - RTRS

The European Central Bank (ECB) governing council member and Dutch central bank head, Klaas Knot, appeared before the Dutch lawmakers on Wednesday, noting that the impact of the ECB’s 2.3 trillion asset purchase program on inflation has been disappointing, Reuters reports.

Key Quotes via Reuters:

"I think the effect (of asset buys) has been there in keeping the economic recovery going."

"But the effect on inflation has just been what you'd call disappointing, full stop."

"If you look at core inflation... then actually inflation has been flat for four years, flat as a pancake, and so you can barely observe any effect."