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ECB's Weidmann opposes boosting bond buys, coy on IMF
European Central Bank policymaker Jens Weidmann reiterated his opposition to the central bank ramping up its bond purchases and said his Bundesbank would only provide fresh funds for the IMF to help fight the euro zone crisis if countries beyond Europe do so too. The ECB's mandate prevents it from embarking on unlimited bond purchases and past experience showed this would inevitably lead to inflation anyway, Weidmann said, resisting pressure for the bank to unleash unlimited intervention. "I think the idea is astonishing that one can win confidence by breaking rules," he told journalists over a dinner of guinea ... (full story)
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