Low interest rates causing huge problems in Germany – German Fin Min Schaeuble

FXStreet (Mumbai) - Ultra-loose monetary policy by the ECB is leading to the creation of a bubble in Germany, the nation's Finance Minister Wolfgang Schaeuble warned at a banking event in Berlin on Thursday.

Key Quotes:

"We have an interest rate environment that is causing huge problems for us in Germany, this is out of question."

"The interest rate level is of course too low for Germany."

"A low interest rate leads to a misallocation of resources with all the risks and side-effects that you see when bubbles are forming."

"This is no criticism of the ECB's monetary policy, this is a structural problem."