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ECB faces hurdles on long road to normal policy: Weidmann
The European Central Bank faces hurdles on the way to normalizing its monetary policy after years of extraordinary stimulus, ECB policy maker Jens Weidmann said in an interview published on Thursday. The ECB is due to end its money-printing program at the end of this year after pumping 2.6 trillion euro ($3.06 trillion)on the bond market and has hinted at a rate hike late next year if inflation in the euro zone extends its gentle acceleration. But clouds are already forming on the horizon, with emerging economies feeling the squeeze of higher U.S. interest rates and trade frictions between the United States and China ... (full story)