Speaking in an interview with Frankfurter Allgemeine Sonntagszeitung published this morning the Bundesbank president has repeated his opposition to the widely anticipated ECB plan to buy sovereign bonds
Referring to the fall in oil prices Weidmann says
An economic stimulus program has been handed to us, why should we add to that with monetary policy?
while adding additional comments that pressure from financial markets should not determine the ECB's moves on buying up sovereign bonds.
I am irritated by one question dominating the recent public debate: when will you finally buy?
He spoke in positive mode about the outlook for Germany despite the BUBA this month halving its growth forecast for Germany to 1.0% for next year. It also cut its prediction for 2014 growth to 1.4% from 1.9% in June.
As things are at the moment and if oil prices remain this low, inflation will be lower than expected, but growth will be better
adding
The situation in Europe isn't as bad as some people believe
Let's hope he's right
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.