ECB's Jens Weidmann speaks in Frankfurt
- We must give agreed stimulus time to show effects
- Doesn't see any signs that ECB's credibility has been hurt by low inflation
- Inflation target is appropriate
- Expansive policy is needed for the foreseeable future
- ECB must balance the risks and benefits of unconventional tools
- Says he doesn't see a dangerous downward price spiral
I'm probably reading something that's not there but his comment on "agreed" stimulus sounds like a dig.
