ECB Officials Outline Policy Visions and Shrug Off Volatility
- Market fluctuations no reason for concern yet, officials say
- ECB shouldn’t fear backlash when communicating, Weidmann says
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European Central Bank officials toned down the alarm over recent market volatility while outlining their visions for a gradual end of ultra-accommodative monetary policy.
“If the expansion progresses as currently expected, substantial net purchases beyond the announced amount do not seem to be required,” Bundesbank President Jens Weidmann said on Thursday in a speech in Frankfurt.