November 30, 2017 / 6:47 PM / 2 years ago

Eurogroup head says very careful ECB tapering has already started

FILE PHOTO - Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem addresses the European Parliament during a debate on the future of the Economic and Monetary Union in Strasbourg, France, December 15, 2015. REUTERS/Vincent Kessler

LUXEMBOURG (Reuters) - The normalization of ultra accommodative monetary policy of the European Central Bank has already started, but the bank is right to proceed very carefully, thee chairman of euro zone finance ministers Jeroen Dijsselbloem said on Thursday.

“The process of tapering has already started. The ECB is wise to do it very gradually,” Dijsselbloem told a conference.

Reporting By Jan Strupczewski

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