Finance & Business World

European Central Bank Governing Council member Axel Weber said he doubts whether providing liquidity to markets will solve all the problems in the world’s economy and financial markets.

“I’m not sure whether at this stage the liquidity policy that we can do as central banks has all the potential of solving all our other problems,” Weber, who is also the president of the Bundesbank, said in Jackson Hole, Wyoming, at a symposium sponsored by the Federal Reserve Bank of Kansas City free credit report instantly.

Weber noted that banks are still building up “huge amounts” of deposits at the ECB rather than lending the money.

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