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ECB’s Holzmann Says Draghi’s QE Policy Is Counterproductive

From bnnbloomberg.ca

Several members of the European Central Bank’s Governing Council are against the ECB buying more bonds, the Austrian central bank Governor Robert Holzmann said. “The view was that the attempt to inject even more liquidity isn’t good, even counterproductive,” Holzmann told Austrian public TV broadcaster ORF in an interview. “Several governors didn’t consider this proposal the right policy for the purpose.” There are concerns about the economic impact of the policy, which ECB President Mario Draghi flagged in a speech at a conference in Sintra, Portugal, without first discussing it in the Governing Council, Holzmann ... (full story)

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  • Category: Fundamental Analysis