Bundesbank President Jens Weidmann said the European Central Bank is on course to reduce stimulus
- In an interview with Frankfurter Allgemeine Sonntagszeitung
- "After the latest decisions, a normalisation of monetary policy is foreseeable
- process will be gradual and it will take a while"
W also remarked on Turkey:
- currency crisis in Turkey would have limited impact on German banks
- W citing
- improvement in the overall resilience of financial systems
- Turkey was number 16 on the list of German trading partners
- accounted for just 1% of global economic output
via Reuters
