ECB's Knot: New economic stimulus programme 'disproportionate'

THE HAGUE (Reuters) - European Central Bank governing council member Klaas Knot on Monday repeated his criticism of the ECB's renewed stimulus programme, calling parts of it "disproportionate".

Speaking to the Dutch parliament's finance committee, Knot said: "I am not in agreement with the new programme in its entirety."

A frequent critic of the bank's ultra-easy monetary policy, Knot repeated his tough position on the ECB's new measures this month.

(Reporting by Bart Meijer; Editing by Kevin Liffey)