Eurozone monetary policies ‘virtually exhausted’, Dutch central bank head says

The Netherlands Bank

Monetary policy in the eurozone is reaching the limits of what it can achieve, the president of the Netherlands Bank (DNB) said on March 24.

"Monetary policy instruments have been virtually exhausted," Klaas Knot said at the launch of the bank's annual report. The financial system had been "flushed with liquidity" for some time: "We observe diminishing returns and possibly increasing side-effects."

This meant that "more than ever before, the ball is firmly in the court of politics", he argued

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