More from Bundesbank President Jens Weidmann, he said that ECB should looks through short term fluctuations in inflation caused by oil prices to temporary slowdown. He emphasized that ECB’s “price stability target is medium term, so we should look through these fluctuations”.
Also, “it is clear that short-term fluctuations in oil prices — like the sharp decline at the end of 2018 — but also corrections in growth expectations for 2019, could temporarily influence the inflation outlook.”
