Hoewel het duidelijk geen invloed op het beleid heeft, klikt dit eigenlijk best als een soort belangenverstrengeling:
> The fact that interest rates are rising at an unprecedented rate is partly due to the European Central Bank (ECB), where Knot is one of the key policymakers. By raising interest rates, the ECB is trying to curb high inflation. According to Knot, the latter is more important than the DNB’s own results. “We are not going to take our mandate less seriously because of our own results.”
I’m sorry, my Dutch is not good enough to understand the comments, but Knot is correct. It’s unusual for a central bank to record a loss, but the loss means very little and is regarded as less important than, for example, curbing inflation.
We have had extreme low interest rates for many years. And now they are going into a more normal zone, it’s all at once a problem. It’s not a problem. If it’s a problem, then there is another problem in the system.
3 comments
Hoewel het duidelijk geen invloed op het beleid heeft, klikt dit eigenlijk best als een soort belangenverstrengeling:
> The fact that interest rates are rising at an unprecedented rate is partly due to the European Central Bank (ECB), where Knot is one of the key policymakers. By raising interest rates, the ECB is trying to curb high inflation. According to Knot, the latter is more important than the DNB’s own results. “We are not going to take our mandate less seriously because of our own results.”
I’m sorry, my Dutch is not good enough to understand the comments, but Knot is correct. It’s unusual for a central bank to record a loss, but the loss means very little and is regarded as less important than, for example, curbing inflation.
We have had extreme low interest rates for many years. And now they are going into a more normal zone, it’s all at once a problem. It’s not a problem. If it’s a problem, then there is another problem in the system.