ECB’s Stark warns of low interest rate curse

stark-juergen

Jürgen Stark, a member of the European Central Bank (ECB) executive board, on Friday said there were severe costs attached to keeping interest rates low over a long period.

At an ECB conference in Frankfurt, Germany, Stark said: "The period prior to the financial crisis has demonstrated that global policy accommodation for a protracted period of time can inadvertently distort incentives and behaviour in the financial sector. Low interest rates over too long a period foster an underpricing of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.