Germany's Schaeuble urges ECB to start unwinding stimulus this year

The European Central Bank should start unwinding its ultra-loose monetary policy this year, German Finance Minister Wolfgang Schaeuble said in an interview to be published on Friday, adding that it would not be easy. 

"The European Central Bank will have the tough task of getting out of the ultra-expansionary monetary policy," Schaeuble told the Sueddeutsche Zeitung newspaper. "It would presumably be right if the ECB dared to exit this year". 

Schaeuble added it was "possible and necessary" for the next government to lower taxes after Germany's general election in September.--REUTERS

Source :NNA