ECB's Draghi calls for policy 'alignment' among central banks

June 28, 2016 8:18 AM

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ECB's Draghi calls for policy 'alignment' among central banks

SINTRA, Portugal Central banks around the world should aim to align their monetary policies to mitigate "destabilizing spillovers" between economies, European Central Bank President Mario Draghi said on Tuesday.

"Monetary policy has inevitably created destabilizing spillovers as well, especially when business cycles have been less aligned," Draghi said at an ECB forum in Sintra, Portugal, citing large exchange rates fluctuations and swings in capital flows as examples.

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