Bundesbank Chief Not a Fan of Additional ECB QE

European Central Bank Governing Council member Jens Weidmann warned the ECB in a newspaper interview not to go too far with its bond-buying program as this would have the same effect as buying government bonds directly from issuer countries.

“If the purchase volume becomes too large, the purchases will have an impact on the secondary market similar to that of direct purchases from the states that are forbidden for us,” Weidmann told Frankfurter Allgemeine Zeitung in an interview due to be published on Friday.

via Reuters

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, he 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