SDR injection inflationary, ECB's Stark warns

Jurgen Stark, a member of the European Central Bank's executive board, has panned the G20's decision to create $250 billion-worth of special drawing rights (SDRs).

Stark told Handelsblatt, a German business daily, in an interview published Tuesday that the decision to grant the $250 billion allocation at last week's London Summit was inflationary. "This is pure money creation. This is helicopter money for the globe," Stark said. "There was no examination of whether there was a global need for

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: