- ECB's Governing Council member Weidmann: Recovery from the coronavirus crisis will be "painfully slow"
Market news
22 June 2020
ECB's Governing Council member Weidmann: Recovery from the coronavirus crisis will be "painfully slow"
- The level of economic uncertainty is "exceptionally high"
- PEPP is guided by inflation objective, will be temporary
- PEPP should be flexible but not unbound
- Capital key could be a useful benchmark
- Shouldn't assume that ECB will keep yields low forever
- German economy probably bottomed out in April
- Germany has fiscal space for more measures if needed
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