QE has not increased eurozone inequality - ECB’s Constâncio
Low-income households benefit most from stimulus, ECB vice-president says
Quantitative easing has not increased inequality in the eurozone, Vítor Constâncio, vice-president of the European Central Bank (ECB), argued on August 22.
The bond-buying programme implemented by the ECB since 2015 has not boosted income nor wealth inequality, according to ongoing research at the ECB, Constâncio said. Low-income households appear to have benefited more economically than the rest through lower unemployment, he argued. Share prices, concentrated in high-income households, have
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