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    Weidmann: ECB’s credibility unhurt

    ECB member Jens Weidmann speaks in Frankfurt:

    • the agreed stimulus measures must be given time to show results
    • this time can be granted, because there are no signs of ECB credibility being hurt by low inflation
    • no sign of downward price spiral
    • risk and benefits of unconventional policy need to be weighed
    • accomodative policy to stay in the foreseeable future
    • fx is an important monetary policy transmission channel but it mustn’t turn into an active policy instrument

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     EURUSD back to daily tops despite no losses of USD against many of the remaining major currencies.

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


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