ECB's Jens Weidmann speaks at Euro Finance week
- Sees no reason to talk down the economic outlook or paint a gloomy picture
- Mon pol measures already taken need time to feed through to the economy
- The longer we go with ultra loose policy the greater the risks
- Forecasts are not far off the mark
- Sharp fall in energy prices is what is mainly driving low rates
- Core inflation will gradually rise towards goal
No surprise perhaps but we now know who made these comments in the ECB minutes;
"At the same time, members expressed caution about adopting an unduly gloomy interpretation of recent data and reaching premature conclusions with respect to policy implications"
