On Wednesday, Bundesbank President Jens Weidmann set off a round of euro selling after he told the WSJ:
“We might adjust [interest rates] in response to new information”
Now he says that the comments in WSJ interview were not intended to signal change in trend on ECB rates, adding that interest rates are currently appropriate and that the ECB may re-asses interest rates if data changes.
The next time an official starts complaining about excessive volatility, we’ll know who to blame.
