April 20, 2017 / 3:39 PM / 9 months ago

Germany's Schaeuble presses ECB to unwind loose monetary policy

WASHINGTON, April 20 (Reuters) - It would not be a bad idea for the European Central Bank and other central banks to follow the U.S. Federal Reserve’s example and change course away from an ultra-accommodative monetary policy, German Finance Minister Wolfgang Schaeuble said.

Speaking on the sidelines of International Monetary Fund meetings in Washington, Schaeuble said on Thursday that ultra-loose monetary policies could raise the risks of new financial crises taking hold rather than reducing the risks.

Reporting by Gernot Heller; Writing by Paul Carrel; Editing by Joseph Nasr

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