Schaeuble stirs interest rates debate ahead of Draghi visit



German Finance Minister Wolfgang Schaeuble called on Tuesday for urgent structural reforms to spur growth to end the era of low interest rates, a day before lawmakers will grill ECB President Mario Draghi about his loose monetary policy.
His comments reflect a return of tensions between Europe's largest economy and the euro zone's central bank, which has cut rates aggressively in recent years and pumped over a trillion euros into the economy through asset purchases.
But with growth in the 19-member bloc still being mediocre and inflation barely above zero, well short of its target of nearly... read more

 
27 September 2016 in Business, Views: 39
Source: Reuters
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