European Central Bank (ECB) Governing Council member Jens Weidmann: a loose monetary policy cannot support sustained growth and could lead to risks over time

Market news

16 September 2015

European Central Bank (ECB) Governing Council member Jens Weidmann: a loose monetary policy cannot support sustained growth and could lead to risks over time

European Central Bank (ECB) Governing Council member Jens Weidmann said in an interview published Wednesday in German newspaper Sueddeutsche Zeitung that a loose monetary policy cannot support sustained growth and could lead to risks over time.

"All the cheap money cannot ignite sustained growth and builds bigger risks over time, for example for financial stability," he said.

U.K. unemployment rate declines to 5.5% in the May to July quarter

United Kingdom: ILO Unemployment Rate, July 5.5% (forecast 5.6%)

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