German finmin asks central banks to think how to lower liquidity

BERLIN, June 27 Fri Jun 27, 2014 11:09am EDT

BERLIN, June 27 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday he dislikes current low interest rates which are no longer able to fulfill their economic function and urged central banks to find a way to reduce excess liquidity.

"I have often said it before and I repeat it - I don't like these low interest rates, they are too low," Schaeuble said.

"I encourage central banks ... to try to think among themselves how they can, cautiously, reduce this excess of central bank cash," he told a business conference in Berlin. (Reporting by Stephen Brown and Gernot Heller)

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