BUBA's Weidmann says recent data shows the need for a steady hand on policy by the ECB

Bundesbank head Jens Weidmann talking at a press conference in Luxembourg this week-end

"Recent data reinforces the image of a continued, gradual recovery in the Eurozone and with respect to the direction of European monetary policy, these provide more arguments for a stable-hand policy, even though the uncertainty with regard to the economic outlook is definitely still high"

• data speak for a steady hand in the context of uncertainty
• reforms of the Eurozone should focus on bringing control and liability back into balance
• Eurozone must remain a union of stability and not a transfer union

Weidmann once again not missing a chance to express caution/disdain on ECB QE as Ryan highlighted again recently

BUBA chief Jens Weidmann once again warns on ECB QE