Side effects of ECB policy becoming more tangible – De Guindos

Side effects of ECB policy becoming more tangible – De Guindos

BERLIN (Reuters) – The side effects of the European Central Bank’s monetary policy are becoming more tangible, ECB Vice President Luis de Guindos said in remarks published on Tuesday, promising closer scrutiny of any adverse consequences.

“We have scope to take further action, and we will take further action should it become necessary,” de Guindos told the Boersen-Zeitung newspaper. “But it’s also clear, as I said, that the negative side effects are becoming ever more pronounced. What’s more, in the current environment, with interest rates very low for longer, fiscal policy would have a much bigger impact on the economy than would otherwise be the case.”

He added: “So fiscal policy will need to play a much stronger role in future. We are well aware of the side effects of our monetary policy and we will hold the side effects up to even closer scrutiny in future and pay them even more attention.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source : Reuters Link

Follow 3-www.NET
Follow
e-News.US
  
Share
e-News.Us



Category Latest Posts