Deutsche Bank’s Mayer Says ECB Keeping Low Rates Is ‘Dangerous’
This article is for subscribers only.
Deutsche Bank AG Chief Economist Thomas Mayer said it is “dangerous” for the European Central Bank to keep interest rates low for long.
What “I find dangerous is that we continue to get locked into this very low rate environment,” Mayer told a conference in New Delhi yesterday. “I am concerned that by keeping rates low for an extended period of time you are inducing people to build other decisions onto this low rate environment and adjust all their portfolio and investment decisions on these low rates.”