Home/Forex News Round Up

ECB’s Weidmann Dismisses Need for More Stimulus

Share Print 0

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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.
, , , ,
Back to Top