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
For comments and feedback: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.