ECB’s Weidmann: Time to exit expansionary monetary policy, ending QE is just the first step

Here are some of the key highlights from Deutsche Bundesbank President Jens Weidmann’s speech at the Berlin Foreign Press Club.

   “¢   Time to exit very expansionary monetary policy, ending QE is just the first step.
   “¢   Normalization will be gradual, to take “a few years” so must avoid undue delay.
   “¢   Inflation projections are broadly in line with the central bank’s aim.
   “¢   A major trade war could be “severely detrimental” to the global economy.  
   “¢   German economy flourishing and upswing likely to continue.
   “¢   German expansion unlikely to maintain pace seen in 2017.
   “¢   Uncertainty on the rise.