Weidmann Argues Further Easing Was not Needed

As we mentioned before the Bundesbank Governor had been quiet in the last couple of days ahead of the ECB decision:

This is not the ECB of old, but could still suffer from decision paralysis, although it has to be said that the biggest voice against further quantitative easing, Bundesbank Governor Jens Weidmann has not been as vocal of late.

Turns out he did disagree after all:

European Central Bank Governing Council member Jens Weidmann argued that the latest round of monetary easing from the bank was not needed – after the package disappointed many in the markets.
Weidmann, who is the president of Germany’s Bundesbank, said in an interview with German newspaper Bild that latest economic data confirmed his views that the sharp decline in energy prices supported the single currency region’s economic recovery and that the close to zero inflation is in great part due to the low oil price.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza