ECB must not keep policy ultra-loose for too long, Weidmann says

May 11, 2016 6:44 PM

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ECB must not keep policy ultra-loose for too long, Weidmann says

FRANKFURT The European Central Bank must not keep its monetary policy ultra-loose for too long or it may struggle to wind it down, ECB governing council member and German central bank governor Jens Weidmann said on Wednesday.

"An expansionary monetary policy stance is justified for now," Weidmann said. "But we must not over-extend the period of ultra-loose monetary policy, because various risks and side effects are part and parcel of the current policy stance.

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