4/6/2017, 12:32 PM (Source: TeleTrader)
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Weidmann: ECB can consider reducing stimulus

The chief monetary policy maker from Germany sees calls to scale down easing measures in the Eurozone as understandable. Jens Weidmann, member of the Governing Council of the European Central Bank, acknowledged pushing inflation up to target 2% may take time, but stressed that improvement in other macroeconomic factors has reduced the risk and that scaling down stimulus may be considered. Furthermore, the continuation of ultralow interest rates and massive asset purchases increases danger on another level, he reiterated in remarks prepared for delivery at the German Banking Congress on Thursday in Berlin.

He also highlighted pressures on profits in the sector in the euro area, and noted domestic lenders are being encouraged by the Bundesbank to clarify and deliver any requirements from regulators in the United Kingdom. As the country leaves the European Union, the process may impact access to London as a global financial hub, Weidmann pointed out.

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