Germany's economy has weakened but it is too early for major economic stimu...
FRANKFURT - Germany’s economy has weakened but it is too early for major economic stimulus from the government or the European Central Bank, Bundesbank President and ECB policymaker Jens Weidmann was quoted as saying on Saturday.
“The current outlook is particularly uncertain,” he told German weekly Frankfurter Allgemeine Sonntagszeitung in an interview. “But we shouldn’t surrender to pessimism or activism.” Weidmann, a policy hawk who in the past criticized the ECB’s easy-money policy under Mario Draghi and was long tipped to replace him, said rate-setters shouldn’t be afraid of disappointing investors expecting more largesse.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB's Weidmann sees no need for economic stimulus: FASGermany's economy has weakened but it is too early for a major economic sti...
Read more »
ECB's Weidmann sees no need for economic stimulus - FASGermany's economy has weakened but it is too early for a major economic sti...
Read more »
Opinion | Cut the Trump Uncertainty TaxFrom WSJOpinion: Trump does want to give the economy a policy boost to prevent a recession, there is something he can do without Congress or a legal challenge: He can cut his trade-uncertainty tax
Read more »
For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters pollThe U.S.-China trade war may blunt some of the stimulus on the U.S. housing mark...
Read more »
Powell Says Fed Prepared to Provide Stimulus if a Slowdown Hits U.S. EconomyFederal Reserve Chairman Jerome Powell said the central bank was prepared to provide more stimulus if a global economic slowdown, aggravated in recent weeks by geopolitical events and trade policy uncertainty, hurts the U.S. economy.
Read more »