Draghi Says ECB Aware of Concern Low Rates Risk to Stability
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European Central Bank President Mario Draghi said keeping interest rates low for an extended period carries risks that policy makers weighed carefully before they reduced the benchmark rate to a record low.
“I am of course aware that our rate cut raised some concerns,” Draghi said in a speech in Berlin today. “A protracted period of time of low rates creates the scene for risks in financial stability.”