ECB Said that Fed Rate Rise 'Would Be Good News for Global Economy'
A rate increase by the U.S. Federal Reserve would be good news for the world economy and demonstrate that central-bank stimulus policies are working, the European Central Bank's Vice President Ví tor Constâ ncio said Tuesday.
"As a whole, I consider that if the Fed considers it [is] justified to increase rates, it is good news for the world economy," Mr. Constancio said at a news conference here, where he was presenting the eurozone central bank's biannual report on financial-sector risks.
A U.S. rate rise would be "proof that [the Fed] was effective in stimulating the recovery and news for the world that a country will be able to get away from zero lower bound," Mr. Constancio said.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.