Bundesbank's Weber on monetary policy
Monetary policy should react to the financial cycle in a more symmetric way, said Axel Weber, the president of the Bundesbank.
Speaking at a conference on monetary policy, Weber said that a more symmetric approach would treat boom and bust episodes not as isolated events but as part of the financial cycle.
He added this did not mean that monetary policy would downgrade the price stability objective for the sake of other objectives. Rather, it meant that central banks should take a longer-term
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