Protracted low rates demand solid macro-prudential frameworks – Claudia Buch
Bundesbank vice-president says nature of monetary union demands strict surveillance
A long period of low interest rates can breed complacency, fuelling financial instability, and requires solid macro-prudential frameworks, said Deutsche Bundesbank vice-president Claudia Buch.
In a speech on October 1, the German official highlighted these threats to financial stability may be even more acute in the European monetary union, where fiscal policy is a national prerogative while monetary policy is a European-level competence. “In this environment, effective macro-prudential
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