ECB's Weidmann Insists QE Can End in 2018 Even as Inflation Dips
- Bundesbank president comments in interview with Bloomberg TV
- Policy maker says ECB rate guidance should be amended
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Jens Weidmann isn’t backing down in his calls for the European Central Bank to signal the end of its bond purchases -- even as his own nation, Germany, reports the weakest inflation since 2016.
The Bundesbank president said in a Bloomberg Television interview that guidance on interest rates is “rather vague” and should be strengthened. He also sees no reason why QE can’t be halted this year. The ECB currently pledges to buy debt until at least September and expects to keep interest rates unchanged until “well past” the program’s end.