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ECB’s Weidmann: Key factors driving German growth still intact

Deutsche Bundesbank President and the ECB Vice-President Jens Weidmann, speaking to Bloomberg this Wednesday, added to his earlier comments and said the German economy’s soft patch more protracted than expected, though key factors driving growth are still intact.

Additional quotes:  

   “¢   Forecasts are surrounded by a high degree of uncertainty.
   “¢   ECB forward guidance is working as it should.
   “¢   Market view on rates is a plausible reaction given recent data.

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