Weidmann Citing QE Legitimacy Paves Way for ECB Consensus
This article is for subscribers only.
Jens Weidmann has morphed from Dr. No into Mr. Maybe.
After building a reputation as a nay-sayer on the European Central Bank’s Governing Council, the Bundesbank president’s support for large-scale asset purchases marks a shift that helps the fight against deflationary threats. His tentative backing of quantitative easing will shore up its credibility as officials debate whether they need to implement it.