Comments from Buba head and ECB man Jens Weidmann
- ECB must be flexible about time frame to raise inflation
- Should not hit target as soon as possible at any cost
- Too early to say if drop in core PCI is permanent
- Government bond purchases should be an emergency tool
- Helicopter money is an absurd demand
- We mustn't underestimate the risks of unconventional tools
- We mustn't overestimate the powers of monetary policy
- Revised forecast showed a need to act
- On this issue there was unity on the governing council
- However, decisions overall went too far and the comprehensive set of measures didn't convince me
The first headline I printed (then moved to the first bullet) paints a slightly dovish stance for a hawk in wanting to not rush to raise inflation. That's countered by the typical comment you'd expect from him that they went too far. What you'd expect from Ze German.
