ECB’s Coeure: Crisis Responsible For Driving Low Rates

Euro-zone interest rates are low because of the recent recession and the fragmentation of the region’s financial market, and it’s not fair to blame the European Central Bank for them, says executive board member Benoit Coeure in an opinion piece published Monday in Handelsblatt.

Complaints that the ECB’s policy favors debtors over savers are becoming ever louder, he writes in the comment for the German daily.

“In countries such as Germany, there is even talk of a ‘cold expropriation’ of those who put aside money for their retirement,” the ECB executive notes.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu