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FSN: ECB’s Coeure Warns Against Consequences of Currency War
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Anna Yukhananov, Eva Kuehnen, and Sakari Suoninen
Reuters.com
(Reuters) – ECB policymaker Benoit Coeure warned against currency wars on Tuesday, saying currency swings brought about by misguided policies have the potential to become disruptive, especially if other central banks have limited room to maneuver.
Coeure, a European Central Bank Executive Board member, spoke shortly before the first policy-setting meeting of the new Bank of Japan’s Governor, Haruhiko Kuroda, who wants to achieve the BOJ’s inflation target in two years by taking aggressive monetary policy both in terms of the volume and type of assets it purchases.
In the text of a speech prepared for a conference on currency wars, Coeure said that especially since central banks in advanced countries are close to reaching the limits of their conventional policies, it would be a matter of concern if countries were to directly pursue overt competitive devaluations, particularly by resorting to large purchases of foreign assets.
Continue Reading at Reuters.com…
2013-04-02 13:32:59
Source: http://silveristhenew.com/2013/04/02/ecbs-coeure-warns-against-consequences-of-currency-war/
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