Weidmann Sees No Need for Much More QE If Growth Keeps Track
From bloombergquint.com
Bundesbank President Jens Weidmann argued that the European Central Bank will be able to phase out asset purchases after September if the economy continues to develop as expected, seeing recent market volatility as no cause for concern. “If the expansion progresses as currently expected, substantial net purchases beyond the announced amount do not seem to be required,” Weidmann said in a speech in Frankfurt. “We will monitor closely any impact foreign exchange rate movements might have on our primary target of price stability” and should not “allow ourselves to become unsettled by the decline in equity prices we have just witnessed.” ... (full story)
From bloombergquint.com
Bundesbank President Jens Weidmann argued that the European Central Bank will be able to phase out asset purchases after September if the economy continues to develop as expected, seeing recent market volatility as no cause for concern. “If the expansion progresses as currently expected, substantial net purchases beyond the announced amount do not seem to be required,” Weidmann said in a speech in Frankfurt. “We will monitor closely any impact foreign exchange rate movements might have on our primary target of price stability” and should not “allow ourselves to become unsettled by the decline in equity prices we have just witnessed.” ... (full story)
Commentaire