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

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