ECB's Weidmann: The downturn in export-oriented industries could be leveling off

Author: Adam Button | Category: Central Banks

Weidmann comments:

  • ECB strategy gives us the leeway not to respond to every 'slight' revision in the inflation outlook
  • Driving inflation rates above target intentionally not consistent with strategy may lead to credibility risk
  • Monetary policy cannot be complacent if it leads to build up of financial imbalances

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