Minister Wolfgang Schaeuble and Monetary Policy

side effects: Monetary policy is extremely accommodative to the point that it may even be counterproductive in terms of negative side effects on banks, policies and growth, German Finance Minister Wolfgang Schaeuble said at the G20 meeting, according to Euro News. Fiscal as well as monetary policies have reached their limits, he said. But after years of increasingly desperate attempts to kick-start growth there is fear among bankers and top finance officials that monetary policy is running out of effective ammunition and future stimulus efforts could even be harmful. If you want the real economy to grow, there are no shortcuts which avoid reforms. Facing a new paradigm of slow growth and the legacy of crises, top central banks have kept rates near or below zero for years, waiting in vain for governments to embrace reforms instead of pointing the finger at monetary policy. The G20 acknowledged that monetary policy alone is not enough to combat rising global risks but leaders failed to outline concrete steps, making only vague and general pledges. (news.financializer.com). As reported in the news.