ECB's Makhlouf says "helicopter money" not the answer to coronavirus crisis
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DUBLIN (Reuters) - Providing free cash for citizens, or the so-called dropping of "helicopter money", is not a monetary policy tool fit for the coronavirus economic crisis, Irish central bank chief Gabriel Makhlouf said on Tuesday."What we need here are measures to support households and firms through the crisis and it needs to be targeted," Makhlouf, who sits on the European Central Bank's rate-setting Governing Council, told Irish national broadcaster RTE."Helicopter money is not targeted and..