Reported 4 months ago
Isabel Schnabel, a member of the European Central Bank's Executive Board, emphasized the need for quantitative-easing programs to be used primarily during crises due to their potential costs outweighing benefits. Schnabel highlighted the effectiveness of asset purchases during financial turmoil but cautioned central banks to assess whether the benefits of QE justify the costs during calmer periods. The ECB's QE approach and evolving policy framework are being reevaluated amid discussions on how to navigate future monetary policy challenges.
Source: YAHOO