October 25, 2016 / 4:55 PM / 3 years ago

Schaeuble says monetary policy has reached its limits

Finance Minister Wolfgang Schaeuble speaks at a news conference on 2017 budget and financial plan till 2020 in Berlin, Germany July 6, 2016. REUTERS/Stefanie Loos/File Photo

BERLIN (Reuters) - There is a growing international consensus that monetary policy has reached the limits of its possibilities, German Finance Wolfgang Schaeuble told a group of government officials in Berlin on Tuesday.

Schaeuble also said that he believed that there was an excess of liquidity and excess of indebtedness internationally.

Reporting by Gernot Heller; Writing by Erik Kirschbaum; Editing by Andrea Shalal

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