'ECB measure distorts financial markets' – ECB’s Knot

FXStreet (Mumbai) - European Central Bank (ECB) Governing Council member Klaas Knot said today that the measure of the ECB to pump in more than 1,100 billion in the economy until October next year, creates a significant disruption in the financial markets.

Key Quotes:

"During the preparation of the buy-back program has been decided that the necessity and effectiveness outweigh the side effects,"

"Long-term and significant distortions as the buy-back program in the future will have a price. In fact, the last financial crisis began with such a disturbance."