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- European Central Bank (ECB) Governing Council member Ardo Hansson: low interest rates for a longer period “may lead into unbalances or risks”
European Central Bank (ECB) Governing Council member Ardo Hansson: low interest rates for a longer period “may lead into unbalances or risks”
European Central Bank (ECB) Governing Council member Ardo Hansson said on Monday that low interest rates for a longer period "may lead into unbalances or risks that-in case they become reality-may become very costly to the society".
He pointed out that "possible bubbles on financial markets or in real-estate prices are more likely when interest rates are low".
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