Economics
ECB’s Mersch Warns Loose Policy Raises Risk of Market Drop
- Central bank aware of side effects from low rates, he says
- Executive board member Yves Mersch speaks in native Luxembourg
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European Central Bank stimulus has contributed to “very elevated” asset prices that raise the prospect of a sudden market drop, Executive Board member Yves Mersch said, in a speech that also warned of the risks to the institution’s credibility.