Germany's Schaeuble presses ECB to unwind loose monetary policy

WASHINGTON It would not be a bad idea for the European Central Bank and other central banks to follow the U.S. Federal Reserve’s example and change course away from an ultra-accommodative monetary policy, German Finance Minister Wolfgang Schaeuble said.

Speaking on the sidelines of International Monetary Fund meetings in Washington, Schaeuble said the ultra-loose monetary policies in place in many areas of the world were not helpful.

“It is encouraging undue risk-taking, political complacency, capital misallocation and asset price bubbles,” he added.

“The Fed has initiated the exit

To see the full content, share this page by clicking one of the buttons below

Click here to Read from the source

x

Check Also

May says she will not raise Value Added Tax

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world’s ...

Shares