ECB’s Weidmann Says Low Interest Rates Come With Risks
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European Central Bank Governing Council member Jens Weidmann said low interest rates come with risks that can’t be ignored, even though the current policy stance is appropriate.
“The expansive monetary policy is justified considering the outlook for price stability,” Weidmann, who heads Germany’s Bundesbank, said in a speech in Frankfurt today. At the same time, “one must not lose sight of the many challenges that come within an environment of low interest rates,” he said.