ECB should scale back monetary stimulus after crisis – Weidmann
Knot says central bank should adopt symmetry in the implementation of PEPP purchases
Deutsche Bundesbank president Jens Weidmann stressed the temporary nature of the European Central Bank’s (ECB) monetary stimulus in a speech on September 2.
“After the crisis, the emergency monetary policy measures would have to be scaled back,” said Weidmann. “When deciding on the PEPP [Pandemic Emergency Purchase Programme], it was particularly important to me that it was limited in time and clearly linked to the crisis.”
Because of the sharp increase in sovereign bond spreads between
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