ECB’s Weidmann Dismisses Need for More Stimulus

The European Central Bank need to give its existing policies time to work and its current expansionary stance is appropriate, Bundesbank President Jens Weidmann said on Monday, dismissing calls for further easing.

“One thing I want to stress: our definition of price stability requires that the targeted inflation rate is achieved in the medium term,” Weidmann told a conference in Frankfurt. “This gives us enough time to wait for the effect of the adopted monetary policy measures on prices.”

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.