Weidmann says inflation of around 1.7 pct by 2020 is broadly in line with definition of price stability

Market news

3 May 2018

Weidmann says inflation of around 1.7 pct by 2020 is broadly in line with definition of price stability

Says Fed's experience of the process of normalization is very helpful
Monetary normalization will take some time, important not to postpone beginning unnecessarily
Mkt expectation for first rate hike around mid-2019 not unrealistic
ECB has not corrected or committed to mkt expectation for first rate hike before end of reinvestment

Norwegian crown falls 0.1 percent versus euro to 9.69 crowns after Central Bank keeps rates unchanged

ECB's Weidmann says first ECB rate hike could follow the end of QE more closely than in the U.S

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