QE doesn't shift wealth (3)

(ANSA) - Rome, October 25 - The European Central Bank's quantitative easing (QE) programme does not shift wealth to weaker eurozone members, ECB President Mario Draghi said in a speech defending QE in Berlin Tuesday. Draghi added that the ECB was "also protecting savers". He said the ECB would keep up "very expansive monetary policies", noting that interest rates were very low everywhere. The ECB has faced repeated criticism from the economic and political establishment in the eurozone's largest economy over the policies it has adopted to fight the threat of falling prices.