ECB shouldn’t wait too long before taking away support: Coeure

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ECB shouldn’t wait too long before taking away...
 © BusinessMail 2017
By Francesco Canepa and Balazs Koranyi

The European Central Bank should not wait too long before paring back stimulus once it is convinced that inflation has recovered, and it could in theory increase rates early if necessary, ECB board member Benoit Coeure told Reuters.

With euro zone inflation now just under 2 percent and growth on its best run for years, the ECB is coming under pressure from Germany, the bloc’s biggest economy, to start winding down its 2.3 trillion-euro ($2.6 trillion) bond-buying programme and start increasing its main policy rate, currently below zero.

In an...


ECB shouldn’t wait too long before taking away support: Coeure


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