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ECB should exit unconventional monetary policy soon - German deputy FinMin

Reuters  |  BERLIN 

(Reuters) - The European Central should begin unwinding its ultra-loose monetary policy soon if it wants to avoid damaging side-effects, German Deputy Minister Jens Spahn said on Wednesday.

"Unless monetary policy starts normalizing soon, negative side-effects will become more damaging," Spahn told a conference at the German foreign ministry.

"Regarding the euro zone, the should be ready to exit the unconventional monetary policy not too late," he added.

Spahn said there was too much public and private debt in the world and called for an acceleration of structural reforms, saying monetary policy could not solve structural problems.

(Reporting by Noah Barkin; Writing by Madeline Chambers; Editing by Paul Carrel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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ECB should exit unconventional monetary policy soon - German deputy FinMin

BERLIN (Reuters) - The European Central Bank should begin unwinding its ultra-loose monetary policy soon if it wants to avoid damaging side-effects, German Deputy Finance Minister Jens Spahn said on Wednesday.

(Reuters) - The European Central should begin unwinding its ultra-loose monetary policy soon if it wants to avoid damaging side-effects, German Deputy Minister Jens Spahn said on Wednesday.

"Unless monetary policy starts normalizing soon, negative side-effects will become more damaging," Spahn told a conference at the German foreign ministry.

"Regarding the euro zone, the should be ready to exit the unconventional monetary policy not too late," he added.

Spahn said there was too much public and private debt in the world and called for an acceleration of structural reforms, saying monetary policy could not solve structural problems.

(Reporting by Noah Barkin; Writing by Madeline Chambers; Editing by Paul Carrel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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ECB should exit unconventional monetary policy soon - German deputy FinMin

(Reuters) - The European Central should begin unwinding its ultra-loose monetary policy soon if it wants to avoid damaging side-effects, German Deputy Minister Jens Spahn said on Wednesday.

"Unless monetary policy starts normalizing soon, negative side-effects will become more damaging," Spahn told a conference at the German foreign ministry.

"Regarding the euro zone, the should be ready to exit the unconventional monetary policy not too late," he added.

Spahn said there was too much public and private debt in the world and called for an acceleration of structural reforms, saying monetary policy could not solve structural problems.

(Reporting by Noah Barkin; Writing by Madeline Chambers; Editing by Paul Carrel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22