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ECB should mull trimming QE after September –Weidmann

February 8, 2018 10:29 AM
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ECB should mull trimming QE after September –Weidmann

The European Central Bank (ECB) should reduce its quantitative easing (QE) programme after September despite the stronger euro and global market volatility, German central bank President Jens Weidmann said Thursday.

"Substantial net [asset] purchases beyond the announced amount do not seem to be required" if economic growth "progresses as currently expected," the German official said during a Frankfurt press conference.

The Bundesbank’s top official did not rule out a short extension of QE, but went on to point out that the eurozone's economic recovery might be more advanced than that in that seen in the US when the Federal Reserve wound down its own QE programme in 2014.

The ECB earlier vowed to purchase EUR 30 billion ($37 billion) a month of eurozone bonds at least through September as part of its massive EUR 2.5 trillion bond-buying programme.


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