- ECB's Governing Council member Weidmann: We need to make it very clear we are not going to place monetary policy at the service of fiscal policy
Market news
5 November 2020
ECB's Governing Council member Weidmann: We need to make it very clear we are not going to place monetary policy at the service of fiscal policy
- This time the economic fallout is likely to be less severe than in spring
- It's negligent to rule out inflationary forces in the future
- Explicitly symmetric inflation target would be clearer and easier to understand
- Existing medium-term orientation provides a high degree of flexibility
- Inflation should really include owner-occupied housing costs
- It is important that monitary policy remains expansionary
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