Comments from the Bundesbank leader:
- Monetary policy should look through energy price induced inflation fluctuations because it's temporary
- Creation of crossborder deposit and unemployment insurance programs premature
- Asset purchases blur the line between monetary and fiscal policy
- Expansive monetary policy should not be pursued longer than absolutely necessary
- Low interest rates could postpone structural reforms and budget consolidation
Weidmann is a hawk and it's no surprise that he will push back against further QE. No reaction fro the euro.