ECB's Lautenschlaeger rebuffs QE as German opposition grows

Frankfurt

EUROPEAN Central Bank (ECB) executive board member Sabine Lautenschlaeger says quantitative easing (QE) isn't the right policy choice for the euro area currently - hardening a split among officials over the right response to slowing inflation.

"A consideration of the costs and benefits, and the opportunities and risks, of a broad purchase programme of government bonds does not give a positive outcome," Ms Lautenschlaeger, a former Bunde…