the European Central Bank (ECB) Executive Committee member Gugerell (Gertrude Tumpel-Gugerell) on Tuesday (May 3) said there was evidence that long-term low interest rate risk.
Gugerell said, more and more empirical evidence that long-term low interest rates may cause lower lending standards and bear the increase in the risk of the banking system, monetary policy on the importance of financial bubbles and imbalance are highlighted.
the European Central Bank focus on medium-term price stability, and to take action when the asset bubble in the bud as soon as possible.
she pointed out that the European Central Bank uses monetary policy and economic analysis to determine interest rates. The European Central Bank study found that its proactive attitude to help inhibit growth of financial imbalance.
analysis shows that excessively loose monetary and credit policies for prudent adjustment is not only conducive to financial stability, but also conducive to maintaining price stability.
Gugerell in ECB job on June 1 by Belgium replaced banker Peter Praet.
