Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    64,028.49
    -692.99 (-1.07%)
     
  • CMC Crypto 200

    1,333.93
    -62.60 (-4.48%)
     
  • S&P 500

    5,109.54
    +61.12 (+1.21%)
     
  • Dow

    38,305.32
    +219.52 (+0.58%)
     
  • Nasdaq

    15,944.69
    +332.93 (+2.13%)
     
  • Gold

    2,352.50
    +10.00 (+0.43%)
     
  • Crude Oil

    83.74
    +0.17 (+0.20%)
     
  • 10-Yr Bond

    4.6670
    -0.0390 (-0.83%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Schaeuble says monetary policy has reached its limits

German Finance Minister Wolfgang Schaeuble takes questions from reporters during a press conference with Chinese Finance Minister Lou Jiwei (not pictured) at the annual meetings of the IMF and World Bank Group in Washington October 7, 2016. REUTERS/James Lawler Duggan

BERLIN (Reuters) - There is a growing international consensus that monetary policy has reached the limits of its possibilities, German Finance Wolfgang Schaeuble told a group of government officials in Berlin on Tuesday.

Schaeuble also said that he believed that there was an excess of liquidity and excess of indebtedness internationally.

(Reporting by Gernot Heller; Writing by Erik Kirschbaum; Editing by Andrea Shalal)