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Bundesbank Weidmann: Good economic developments and inflation forecast allows quick end to asset purchase

Bundesbank President Jens Weidmann said in a German newspaper interview:-

  • “I personally think that the good economic developments and the inflation forecast would allow a rapid end to the bond purchases.”

Weidmann is always felt like the lone hawk in ECB board. Recent comments from other ECB officials generally remained cautious.

For example, ECB President Mario Draghi just repeated last week that he still need to see further evidence of prices picking up towards target. And repeated that “monetary policy will remain patient, persistent and prudent.” Chief economist Peter Praet said last week that he didn’t even prefer to revise the ECB’s forward guidance too early.

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