ECB's Weidmann FX must not become an active policy instrument

15 June 2016, 18:02
Sherif Hasan

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.

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