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ECB's Jens Weidmann calls for quick end to asset buys, ignites QE debate

Outlook does not warrant extension of the bank's 2.3 trillion euro scheme

Reuters  |  Frankfurt 

The European Central Bank should quickly end asset buys next year as the outlook does not warrant the extension of its 2.3 trillion euro scheme, Bundesbank President Jens Weidmann said, weighing in on the biggest issue facing the ECB this autumn. Speaking to German newspaper Boersen-Zeitung on Wednesday, Weidmann called for a quick and orderly end to the asset buys, arguing that inflation will continue to gradually rise and ECB policy would still remain expansionary for years. Considered a leading hawk, Weidmann has always opposed the asset buys and his unambiguous comments lay ...

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First Published: Wed, August 23 2017. 20:25 IST