ECB’s Knot: reasonable to announce end of QE soon

European Central Bank (ECB) Governing Council member Klaas Knot, speaking in the Dutch Parliament, was noted saying that it would be reasonable to announce the end of asset purchases soon as inflation outlook is stable and is less dependent on stimulus.

The comments added to earlier upbeat comments made by ECB's Praet, Hansson and Weidmann, which reinforced overnight report that the central bank will announce the end of its QE program at next week's policy meeting on June 14th.

It seems like the policymakers are trying to get their thoughts in before the blackout period tomorrow, showing conviction that inflation is moving towards the ECB's inflation target of just under 2%.