Photo: DPA, Arne Dedert

The normalization of the European Central Bank’s ultra-easy monetary policy has already started, chairman of the Eurogroup, Jeroen Dijsselbloem was reported as saying by Reuters. But the bank is right to proceed very carefully.

“The process of tapering has already started. The ECB is wise to do it very gradually,” Dijsselbloem told a conference on Thursday.

The Eurogroup is an informal body of finance ministers from euro zone member states.