Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

ECB stimulus excessively large: Weidmann

ECB stimulus excessively large: Weidmann
FILE PHOTO - German Bundesbank President Jens Weidmann presents the annual 2018 report in Frankfurt, Germany, February 27, 2019. REUTERS/Kai Pfaffenbach Copyright  KAI PFAFFENBACH(Reuters)
Copyright KAI PFAFFENBACH(Reuters)
By Reuters
Published on
Share Comments
Share Close Button

FRANKFURT (Reuters) - The European Central Bank delivered excessive stimulus on Thursday as economic conditions had not deteriorated enough to necessitate such a large package, Bundesbank President Jens Weidmann told German newspaper Bild on Friday.

Weidmann, one of the most vocal critics of the ECB's easy monetary policy, said it was clear that rates will stay low for a very long time and his goal is to avoid any undue delay in rate hikes.

(Reporting by Balazs Koranyi; Editing by Francesco Canepa)

Go to accessibility shortcuts
Share Comments

Read more