Weidmann Says ECB Should Have Set Clear End Date for Bond Buying
- Bundesbank head speaks in Paris after QE extended for 9 months
- Price pressures in line with inflation reaching ECB goal
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The European Central Bank should have decided on an end date for its asset-purchase program rather than retaining the option to extend it after September 2018, Bundesbank President Jens Weidmann said.
“From my point of view, a clear end of net purchases would have been appropriate,” Weidmann said in a speech at the German embassy in Paris on Friday. “The development of domestic price pressures shown in projections is in line with a trajectory that will take us toward our definition of price stability.”