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ECB executive Schnabel warns that QE is inflating asset prices
欧洲央行官员:QE负面作用在增加

Benefits of central bank’s bond buying programme are ‘fading’, while it may cause ‘excessive risk taking’
欧洲央行的市场操作官员施纳贝尔警告,购买债券的负面副作用正在推高资产价格,并带来金融不稳定的风险。

The negative side-effects of the European Central Bank’s bond-buying are increasing while its benefits are fading, one of its senior executives has said, warning that the policy is inflating asset prices and creating risks of financial instability.

欧洲央行(ECB)一名高级官员表示,购买债券的负面副作用正在增加,而其好处正在消退。她警告称,该政策正在推高资产价格,并带来金融不稳定的风险。

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