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ECB's Weidmann: Time To Exit Very Expansionary Monetary Policy; Ending QE Just The First Step
ECB's Weidmann: Time To Exit Very Expansionary Monetary Policy; Ending QE Just The First Step
— LiveSquawk (@LiveSquawk) August 23, 2018
Normalisation Will Be Gradual, To Take "Few" Years, Must Avoid Undue Delay
Inflation Projections Broadly In Line With ECB Aim
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Weidmann: Introductory Statement
Ladies and gentlemen I am delighted to have this opportunity to exchange my views with you today. Allow me to first make a few brief remarks about the economic situation in Germany and the euro area, monetary policy and the longer-term challenges facing the euro area before I take your questions. The German economy is flourishing: indeed, it is still enjoying a period of economic boom. Economic output is outstripping pre-crisis levels by far. Unemployment is at its lowest level since German reunification and employment remains on the up. The upswing is likely to continue. It is broadly based across demand components: ... (full story)