- ECB's Governing Council member Weidmann: No need for immediate monetary action due to coronavirus
Market news
28 February 2020
ECB's Governing Council member Weidmann: No need for immediate monetary action due to coronavirus
- Coronavirus effect can't be measured yet
- Epidemic in Germany would have direct economic consequences
- Economic growth in Germany could be somewhat lower than estimated in December
- Hard to say if rate cut would have impact on spending
- ECB must not lose sight of exit from loose monetary policy
- Our current inflation target is understandable, forward-looking and realistic
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