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FRANKFURT (Reuters) - The European Central Bank's monetary
policy has relatively little impact on inequality, Philip Lane,
the bank's chief economist said, responding in part to criticism
that large scale asset buys widen the social gap.
"From a broader perspective, we should also bear in mind that
the contribution of monetary policy to changes in inequality is
small, compared with the role of fiscal policy, especially the
degree of redistribution in the design of the tax and transfer
systems, and structural economic trends," Lane said in Dublin.
(Reporting by Balazs Koranyi; Editing by Catherine Evans)
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