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He also said he was not very worried about the rise of the euro and advocated a slow and gradual tightening of policy under high debt levels.
The European Central Bank to push borrowing costs fell to an extremely low level, thus promoting economic growth after the start, the European Central Bank officials are now thinking decision how and when the end of the 2 trillion and 550 billion (trillion) euros ($3 trillion and 160 billion) debt purchase plan, back further years of crisis stimulus, return to the traditional monetary tools.
The market expects the ECB to withdraw from the QE in the fourth quarter and then raise interest rates in April or around May next year.
"If we look at the market for policy action is expected, I think it has more or less polymerization in my so-called 'sweet spot' (sweet spot)," said knodt, "these are expected to have a considerable degree of consensus."
"I think more than too impatient, we made overly cautious the possibility of error is bigger," said knodt in annual report published by Holland's central bank. He is also the president of the Central Bank of Holland.
Knothe has always been one of the European Central Bank's strong opposition to the stimulus.
But his talks imply that when the ECB avoided deflation threats and helped the economy achieve more than 20 quarters of growth, the focus of policy debate is shifting from debt purchase to interest rate path.
The ECB has said that the bank will end its debt purchase if inflation is on a sustainable rise and moves towards its target of close to 2%. Knothe says the ECB is not far from the inflation target.

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