Economics

ECB’s Holzmann Says Monetary Policy Has Reached Its Limit

Austrian central bank governor speaks on Bloomberg TV
Holzmann says fiscal policy now needs to ‘take over’

ECB'S Holzmann Says Monetary Policy Seems to Have Reached ‘End’

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By Yuko Takeo and Piotr Skolimowski

November 6, 2019 at 5:51 PM UTC

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European Central Bank official Robert Holzmann signaled that monetary policy has reached its limit, and argued it’s time for fiscal stimulus to step in.