ECB's Bini Smaghi: go easy with easing
It is unsound to ease monetary policy too much too soon, even when insuring against the worst-case deflationary scenario, said Lorenzo Bini Smaghi, a member of the European Central Bank's executive board.
Bini Smaghi said that the central bank though there was only a minimal risk of a deflationary scenario and that to cut rates to a very low level created the risk of fuelling the next bubble and unleashing a new crisis.
He made the comments on 6 March.
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