ECB hawk Knot slams stimulus as disproportionate, ineffective
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AMSTERDAM (Reuters) - The European Central Bank's fresh stimulus package is disproportionate and may be ineffective, Dutch central bank chief Klaas Knot, a frequent critic of the bank's ultra-easy monetary policy, said on Friday."This broad package of measures, in particular restarting the asset purchase programme, is disproportionate to the present economic conditions, and there are sound reasons to doubt its effectiveness," Knot said in a statement, referring to the ECB's decision on Thursday..