ECB's Weidmann: Expansive monetary policy justified for now
Comments in a speech in Frankfurt:
- Must not over-extend period of ultra loose policy
- Low bank profitability can make central bank jobs harder
- Central banks must not be taken hostage by markets or fiscal policy
Sounds like he's been 'taken hostage' by bank profits.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.