Apr 19, 2013
Weidermann comments suggest weak economic data could be ECB policy’s Achilles heal
Recently in a release, European Central Bank Governing Council member Jens Weidmann states the bank would only cut interest rates if the economic data continues to paint a more grim picture. “We didn’t change interest rates at our last meeting as they are currently appropriate and in accordance with our assessment of economic developments, price stability and our monetary analysis,” Weidmann, added today in Washington. “Of course, we will reassess the adequacy of the rates if the data change.”
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