Weidmann: Risk of self-reinforcing deflation ‘very low’
Bundesbank president says there was ‘no immediate need’ for QE in the eurozone
Deutsche Bundesbank president Jens Weidmann has insisted that "most" governing council members at the European Central Bank (ECB) believe the risk of self-reinforcing deflation in the eurozone remains "very low".
Speaking on February 12 at the City of London Corporation, Weidmann stressed that the region was experiencing a "disinflationary process" rather than a "deflationary spiral of decreasing prices and wages".
As a result, he said, there "no immediate need" for the ECB to launch
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