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ECB’s Weidmann Dismisses Need for More Stimulus

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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

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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