Tags: EU | Europe | Economy

Top ECB Officials Push Back against Stimulus Criticism

Thursday, 07 April 2016 06:16 AM EDT

FRANKFURT, Germany (AP) — Top officials of the European Central Bank are pushing back against criticism of their stimulus efforts from some politicians in Germany.

ECB executive council member Benoit Coeure said Thursday that "we have to act" to raise inflation toward the bank's goal of just under 2 percent.

Coeure reminded of the bank's independent status and said that "this is country where our independence should be upheld."

The ECB recently stepped up its injections of newly created money into the economy through bond purchases in an effort to raise inflation.

Conservative German legislators have reportedly criticized the bank's efforts as exceeding its powers and lowering interest returns for savers and pension programs. Finance Minister Wolfgang Schaueble was quoted as saying this week that ECB policy was "less favorable" for Germany.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Top officials of the European Central Bank are pushing back against criticism of their stimulus efforts from some politicians in Germany.ECB executive council member Benoit Coeure said Thursday that "we have to act" to raise inflation toward the bank's goal of just under 2...
EU,Europe,Economy
131
2016-16-07
Thursday, 07 April 2016 06:16 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved