FRANKFURT: Short-term stimulus from central banks cannot help the economy to grow in the longer term, a senior official at Germany's central bank said on Thursday.
The comments from Andreas Dombret show the Bundesbank's continued scepticism about any extension of the European Central Bank's 1-trillion-euro-plus money printing programme.
"Moderate potential growth cannot be increased on a long-term basis by means of short-term macroeconomic stimulus measures," Dombret, who sits on the German central bank's executive board, said in remarks that were embargoed for publication.
In comments on China, Dombret said that although the country's economy had 'faltered', "there are no signs of it entering a full-blown crisis".
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