TeleTrade - Analytics

TeleTrade

518.25 6.75/10
57% of positive reviews
Real

13.11.2015 09:15 European Central Bank Governing Council member Jens Weidmann: the Eurozone faces no deflation

The European Central Bank (ECB) Governing Council member Jens Weidmann said in a speech in Paris on Thursday that the Eurozone faces no deflation.

 

"What we see now is not that we are going towards deflation," he said. Weidmann pointed out that the Eurozone's low inflation is mainly driven by low energy prices.

 

He also said that the ECB should not expand its asset-buying programme as it will blur the lines between fiscal and monetary policy.

 

Weidmann noted that Diverging monetary policies in the Eurozone and the U.S. could lead to fluctuations in the foreign exchange market.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree