ECB member and Bundesbank Chief Jens Weidmann was out on the wires in the last hour, saying that the ECB should not take lightly the side effects of ultra-loose policy and normalization process should not be unnecessarily long.
Additional quotes:
“¢ Inflation in Euro-zone now broadly in line with price stability.
“¢ Monetary policy room to manoeuvre likely to be limited in a future downturn.
“¢ Monetary policy room for manoeuvre likely to be limited in a future economic downturn.
“¢ Italy should not abandon debt reduction effort, now not the time to ease fiscal restraint.
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