Stability the best foil for inequality, says ECB’s Cœuré

benoit-coeure

Benoît Cœuré, a member of the European Central Bank's (ECB) executive board, on October 17 said income inequality is best tackled by stability-orientated policy.

In a speech on the International Day for the Eradication of Poverty, delivered at the European Parliament, Cœuré presented evidence that both loose and tight monetary policy can have a negative impact on income inequality. Stability, he said, is conducive to equity and can shield the lowest-income classes from poverty, especially during

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