ECB's Weidmann: Fed on path towards monetary policy tightening, ECB is not

Author: Eamonn Sheridan | Category: Central Banks

European Central Bank governing council member and head of Germany's central bank, the Bundesbank, Jens Weidmann, speaking on the weekend

  • "The monetary policy of the euro system does not ride on the coattails of the Fed"
  • Only when the economic recovery in the euro zone makes further progress and prices move upwards more strongly can the base rate in the euro zone be raised again"
  • The Fed is on a path towards monetary policy tightening; the ECB is not for the foreseeable future. This is not going to change either in December."

-

When you hear someone talking about divergent monetary policy , this is what they mean: :The Fed is on a path towards monetary policy tightening; the ECB is not for the foreseeable future"



By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose