Klaas Knot: It’s up to governments now

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The Netherlands Bank

The Netherlands Bank president Klaas Knot told the Dutch parliament that it is now up to European governments to "kick-start economic growth and stir up inflation", according to the central bank's latest bulletin.

Knot told MPs there was no question of classic deflation in the eurozone – a point the bulletin backs up by citing the stable level of core inflation in the region, which has hovered around its present level of 0.7% for 12 months.

The bulletin goes on to make the point that easy

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