Bundesbank head Jens Weidmann now chipping in
- Markets expect end of QE by end of this year
- Those expectations are plausible
- End of QE would be first step towards normalisation of monetary policy
- Have to guide process by adequate communication without causing turmoil in markets
Seems like they're going all out today. The continued hawkish tilt in comments on inflation is pushing the euro higher on the day. EUR/USD now at a high of 1.1757.
