DNB president continues to insist on the abolition of mortgage interest deduction.

Summary

DNB president Klaas Knot advocates for the complete abolition of the mortgage interest deduction, stating it no longer serves an economic purpose. He expressed regret that it was not eliminated earlier when interest rates were low, emphasizing that the deduction disproportionately benefits owners of more expensive homes. Over 10 billion euros are involved with the mortgage interest deduction.