Bundesbank’s Dombret warns low interest rates are not 'suitable therapy'

dombret-andreas

The eurozone's exit from accommodative monetary policy must not be delayed as Germany's savers are suffering at the hands of low interest rates, Andreas Dombret, a Deutsche Bundesbank executive board member, said today.

Dombret stressed that while central bank policies have bought time for policy-makers, low interest rates and abundant supplies of liquidity are not in themselves "a suitable therapy for tackling the crisis".

He warned an audience in Hamburg that both policy measures carry

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