European Central Bank (ECB) Governing Council member Ardo Hansson: low interest rates for a longer period “may lead into unbalances or risks”

Market news

22 September 2015

European Central Bank (ECB) Governing Council member Ardo Hansson: low interest rates for a longer period “may lead into unbalances or risks”

European Central Bank (ECB) Governing Council member Ardo Hansson said on Monday that low interest rates for a longer period "may lead into unbalances or risks that-in case they become reality-may become very costly to the society".

He pointed out that "possible bubbles on financial markets or in real-estate prices are more likely when interest rates are low".

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