ECB’s Weidmann: There is a possibility of adjusting bond-buying programme

Additional headlines crossing the wires from the ECB governing council member Weidmann, with the policymaker sharing his take on the asset purchase program.

Key Quotes:

“There is a possibility of adjusting bond-buying programme”

“Increasingly buying bonds from countries with high debt or bad credit rating would distance us from core mandate”

“Allowing special conditions or focusing more on highly indebted countries would further blur the boundaries of mon and fiscal policy”

“This could raise questions about ECB independence”

“Could, in the end, also increase pressure to keep interest rates low if highly indebted countries could not withstand a rate rise”