ECB's Weidmann: No need to respond automatically whenever inflation deviates
ECB and Bundesbank man Jens Weidmann speaking at the Euro Finance week conference
No need to respond automatically whenever inflation deviates from objective as target is medium-term
Unconventional policy tools should be used with care, even if they are used only temporary
Raising or cutting the inflation target is not an appropriate response in this current situation
Narrowing output gap will push inflation higher
Past drivers of inflation are not extinct
They may not be extinct but they're definitely in hiding.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
