ECB’s Knot: falling interest rates should ease debt burdens

NEW YORK (Reuters) – Falling interest rates should ease the pressures created by high government borrowing levels, Dutch European Central Bank governing council member Klaas Knot said Tuesday.

“Interest rates are coming down again so that should make debt serve burdens a little more sustainable,” Knot said at an event held by Bloomberg in New York. He also said the financial system had navigated well the surge in rates launched by top central banks to tackle high inflation pressures.