ECB's Mersch Warns of Diminishing Returns in Central Bank Action

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  • Says ECB's PSPP program has risk that has been mitigated
  • ECB seeks `optimal speed,' Executive Board member says

Central banks’ extraordinary measures to spur growth may eventually show diminishing returns while a key part of the European Central Bank’s quantitative easing program carries a “certain risk” that has been mitigated, ECB Executive Board member Yves Mersch said.

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