European Central Bank member Weidmann pointed out that market expectations for the first time to raise the European interest rate in mid-2019 are logical. His most prominent comments were as follows:
- Inflation reaching 1.7% by 2020 is consistent with price stability.
- Monetary policy normalization will take some time, important not to postpone.
- Concern about approaching the end of economic recovery is exaggerated.
- Publishing detailed interest rate path would go too far, may create confusion.
- The European Central Bank did not turn to the interest rate policy before the end of the bond purchase program.
