ECB's Weidmann: A less distinct loosening of monetary policy is justified
Deutsche Bundesbank president Jens Weidmann is delivering his remarks at the Frankfurt European Banking Congress, with key quotes, via LiveSquawk, found below:
A less distinct loosening of monetary policy is justified.
Slowing labour supply will cut Germany's growth potential to below 1% within 10 years.
Setting a clear end date to net asset purchases wouldn’t signify policy reversal.
Accommodative monetary policy stance remains appropriate in the euro area.
Monetary policy will remain highly accommodative even after net purchases have ended.
Economic recovery has progressed further than inflation figures currently suggest.