December 3, 2019 / 10:29 AM / 4 days ago

Monetary policy may be less effective in future downturn - Danish cbank governor

COPENHAGEN, Dec 3 (Reuters) - Monetary policy could be less effective in boosting economies during a future economic slowdown, Denmark’s Central Bank Governor Lars Rohde said in a speech on Tuesday.

Rohde said he did not subscribe to the view that central banks had “run out of ammunition”.

“But considering the starting point, monetary policy may be hard pressed to play as prominent a role in support of the economy as during previous downturns,” he said.

Speaking at an investment and pensions conference in Copenhagen, Rohde also said continued easing of monetary policy and negative rates would intensify challenges for institutional investors and pension systems. (Reporting by Nikolaj Skydsgaard; Editing by Jon Boyle)

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