Weidmann: Uncertainty about the path of inflation behind the ECB's decision to wait

8 Sep 2017 02:28 PM

Jens Weidmann, Governor of the Bundesbank and member of the Board of Governors of the ECB, said:

  • The slowdown in inflation and uncertainty about the path of inflation was behind the ECB's decision yesterday to wait and assess the monetary policy
  • The ECB proposes extending the maturity of Euro zone bonds if the issuing country has applied for rescue money.
  • Printing money to fight unemployment ends with rising inflation and rising unemployment.
  • In the long term, monetary policy can not interfere with the will of people in democratic countries.
  • Our destination has been and is still oriented towards stabilization.
  • The ECB's Governing Council needs to hold out in the future to begin tightening monetary policy and raise interest rates again.
  • The actions of the European Union and the euro system have not made the monetary union more durably stable.
  • It is necessary to eliminate economic links between banks and member states of the euro area.
  • The ECB should not miss the right moment to work on monetary policy.

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