FLORENCE, Italy (Reuters) - Bundesbank President Jens Weidmann warned on Thursday that stock market corrections could lie ahead, but said it was not something that should cause concern from a monetary policy perspective.
"We're at a maturing cycle from a macro-economic perspective so stock markets are quite high and there might be a correction going ahead," Weidmann said, answering a question from a student about recent falls in the share prices of U.S. tech firms.
"However this is not something that should worry us from a monetary policy point of view," added Weidmann, who sits on the ECB's rate-setting Governing Council.
(Reporting by Gavin Jones; Editing by Crispian Balmer)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app