Comments from Weidmann in Mannheim
- Risks are on the downside and uncertainty is high
- Bad news from economy could continue for a while
- Growth rebound projections in 2020 and 2021 realistic
- Important not to waste time unnecessarily normalizing ECB policy
- 2019 eurozone inflation could be noticeably lower than ECB's Dec projection due to oil prices
Dovish stuff from Weidmann and the euro is rightfully selling off.
