ECB Board Member Admits Central Bank’s Monetary Policy Risks “Tearing Up Social Fabric”

Monday, September 26, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 26, 2016

“Moving from interest rates being ‘low for long’ to being ‘low forever’ would severely limit the room for maneuver for conventional monetary policy tools, but even more worryingly, it would threaten the contract between generations as well as risk tearing up our social fabric.” – ECB’s Benoit Coeure

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