ECB's Vasiliauskas says normalisation is a challenging process
European Central Bank Governing Council member & Chairman of the Board of the Bank of Lithuania
- The low interest-rate environment has created risks to financial stability and "poses additional challenges for the effectiveness of monetary policy"
- "The normalization of exceptionally accommodative monetary policy will be an unprecedented and challenging process with a longer-term perspective. This calls for enhanced vigilance among policy makers especially concerning the containment of potential spillover effects"
Vasiliauskas in a statement at IMF annual meeting
EUR unmoved (whcih almost sums up the entire session here for it ... its up a few points today only).