Bundesbank sees no need for global stimulus as recovery on track

Bundesbank sees no need for global stimulus as recovery on track
 

Germany's central bank sees no need for a new global stimulus package like the one advocated by the International Monetary Fund, as it expects the world's economy to continue to recover, Bundesbank board member Andreas Dombret said on Friday.
IMF calls for the world's largest economies to embark on fresh stimulus have gone unheeded in Germany, where the central bank opposes further monetary easing and the government is reluctant to eat into its record budget surplus.
"We see no need for a global, coordinated package of monetary, fiscal and structural measures," Dombret said ahead... read more

 
30 September 2016 in Business, Views: 30
Source: Reuters
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