Schaeuble Calls for End to ‘Ultra Loose’ Monetary Policy

German Finance Minister Wolfgang Schaeuble called for central banks to end “ultra loose” monetary policy to avoid stoking global imbalances, saying that while they were beginning to take steps in that direction it was harder for the European Central bank to do so.

“The Federal Reserve has already begun this process and even the ECB has made some communications that you could feel that, in a medium-term time, they will continue to think about -- in this direction,” Schaeuble said in English at the Bloomberg Germany G-20 Day conference in Berlin. “It’s not easy for the ECB, with all due respect.”