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ECB Stimulus Needs Consensus to Be Credible, Policy Maker Says

  • Kazimir says he’s leaning toward action at September meeting
  • Germany’s Weidmann warned at weekend against rushing into QE

European Central Bank policy makers will need to muster a broad consensus in favor of more monetary stimulus in September to make it credible, Governing Council member Peter Kazimir said.

While expectations among investors and economists are growing for a package of measures in September, there’s a risk of a split among officials on how comprehensive their response should be. Bundesbank President Jens Weidmann warned against a panicky reaction over the weekend, saying he would be cautious about restarting bond-purchases.