According to German newspaper Handelsblatt, Jens Weidmann, ECB board member and head of the German Bundesbank delivered words of warning during a July 6th cabinet meeting, where Weidmann was a guest. Jens warned the German cabinet to prepare for harder times to come, with a potential economic downturn beginning to firm up into a reality, and Weidmann noted that the ECB has little room to act on monetary policy, as the central bank’s normalization has been too slow. The Bundesbank recently cut it’s GDP forecast for 2018 from 2.5% to 2% as Germany’s own central bank prepares for a downturn, with much of the concern focused on trade and political tensions. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US’ Trump: “I think the EU is a foe” – CBS FX Street 5 years According to German newspaper Handelsblatt, Jens Weidmann, ECB board member and head of the German Bundesbank delivered words of warning during a July 6th cabinet meeting, where Weidmann was a guest. Jens warned the German cabinet to prepare for harder times to come, with a potential economic downturn beginning to firm up into a reality, and Weidmann noted that the ECB has little room to act on monetary policy, as the central bank's normalization has been too slow. The Bundesbank recently cut it's GDP forecast for 2018 from 2.5% to 2% as Germany's own central bank prepares for a downturn,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
