May 14, 2015 / 4:16 PM / 2 years ago

ECB's Draghi says closing the liquidity tap must be done with care

WASHINGTON (Reuters) - European Central Bank President Mario Draghi said on Thursday that policymakers must be especially careful when closing the tap on easy money policies that have been in place for a long time.

“Exiting from abundant liquidity policies has to be done very, very carefully,” Draghi said following a speech in Washington. He said when these policies stay in place for a long time, they become “rooted more and more” in investors’ minds.

Reporting by Jason Lange, Editing by Franklin Paul

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