The European Central Bank should start preparing an exit from special measures undertaken during the crisis, Executive Board member Joerg Asmussen reportedly said in an interview.
The timing of the exit depends on developments in financial markets. It is too early to begin, but the ECB must start to carefully prepare the exit, he told German newspaper Die Zeit.
The ECB has provided unlimited three-year loans twice to improve liquidity in the financial system. But one should not assume that it will again take such an action, he said.
Asmussen said there are no signs of speculative bubbles on European markets, but real estate prices are rising noticeably in some regions of Germany.
by RTT Staff Writer
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