FRANKFURT (Reuters) - A timely exit from the European Central Bank's emergency measures is essential to avoid speculative asset bubbles and to keep banks and governments from becoming too dependent on the ECB's cheap money, Executive Board member Benoit Coeure said.
Coeure said the ECB had the tools at hand to withdraw the excess liquidity it had pumped into the euro zone's banking system to avert a credit crunch and was ready to act should risks to price stability emerge.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
