Central banks won't stand in for politicians says ECB's Weidmann

The head of the Bundesbank with some comments

  • Higher growth is in the hands of politicians

  • The ECB shouldn't be overburdened

  • Monetary policy is largely powerless in reviving growth

  • Central banks can face tensions between objectives if they have too many responsibilities

  • Weak economy is mainly due to structural problems

Weidmann has said what we've all thought for a long while, that QE isn't a GDP gift horse. And, once again he's laying the blame at the feet of governments.

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