Bundesbank's Weidmann: Domestic inflation is 'stubbornly low'
Comments by Bundesbank president and ECB governing council member, Jens Weidmann, in Hamburg
- US auto tariffs would hit German carmakers hard
- Says US-China trade escalation risks 'poison' for US GDP
- Says that net effect of rate tiering on banks could be negative
- No need to postpone policy normalisation if outlook allows for it
With Germany unemployment rate at a record low, it must be tough on policymakers that wage pressures just aren't quite there to boost inflation. But it's very much a case across the developed world these days, not just in the euro area region alone.