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ECB must be cautious in exiting extraordinary monetary policy: Schaeuble

Reuters  |  BERLIN 

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview that the European Central Bank needed to be very cautious when ending its ultra-loose monetary policy to prevent a nervous reaction from financial markets.After buying more than 2 trillion euros worth of bonds since 2015, the ECB is expected to announce next month it will slow the pace of its purchases, since economic growth is accelerating and inflation is stable, albeit sluggish."The exit from extraordinary monetary policy needs to be approached very cautiously so that financial markets do not react ...

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First Published: Fri, September 15 2017. 05:46 IST