March 18, 2018 / 4:49 PM / a year ago

ECB's Knot highly confident euro zone inflation will hit target

President of Dutch central bank De Nederlandsche Bank (DNB) Klaas Knot arrives for the Frankfurt Finance Summit in Frankfurt March 19, 2013. REUTERS/Lisi Niesner

BUENOS AIRES (Reuters) - European Central Bank policymaker Klaas Knot has “a high degree of confidence” inflation in the euro zone will hit the ECB’s target of just under 2 percent “at some point” after several quarters of steady price forecasts, he said on Sunday.

“Inflation has been fairly stable so that provides me with a high degree confidence that actually inflation will pick up and will at some point approach the definition of price stability,” Knot, a policy hawk, said before attending a G20 meeting in Buenos Aires.

Reporting By Francesco Canepa; Editing by Andrea Ricci

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