Bundesbank’s Dombret warns low interest rates are not 'suitable therapy'
The eurozone's exit from accommodative monetary policy must not be delayed as Germany's savers are suffering at the hands of low interest rates, Andreas Dombret, a Deutsche Bundesbank executive board member, said today.
Dombret stressed that while central bank policies have bought time for policy-makers, low interest rates and abundant supplies of liquidity are not in themselves "a suitable therapy for tackling the crisis".
He warned an audience in Hamburg that both policy measures carry
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