In this speech, Klaas Knot stated that our knowledge of unconventional monetary policy tools is still less developed than our understanding of conventional interest rate policies.
In line with his recent endorsement of the call for a formal review of the ECB’s monetary policy strategy under the new ECB-presidency, he invited the audience to be the cartographers of the ocean of the yet uncharted monetary policy. 1  Ladies and gentlemen, Thank you for the invitation to hold this keynote address.