Weekend – ECB’s Knot says a eurozone recession has been avoided

Dutch Central Bank President and thus European Central Bank (ECB) board member Klaas Knot spoke over the weekend.

The interview was focused on Knot wanting the new Dutch government being careful not to extend fiscal stimulus, ie spending, too much, but Knpot did have a few broader comments on the eurozone.

He said it was rare that rate hikes, such as the ECB has carried out, did not damage the economy, that inflation has been tame without triggering a recession.

Last week Knot expressed his forecast for a June rate hike:

• ECB’s Knot: Expects ECB cuts in June, then most likely in Sept and Dec

This article was written by Eamonn Sheridan at www.forexlive.com.