ECB's Weidmann says there is a possibility of adjusting bond-buying programme

Bundesbank boss and ECB governing council's Weidmann interviewed in Die Zeit

  • increasingly buying bonds from countries with high debt or bad credit rating would distance us from core mandate
  • allowing special conditions or focusing more on highly indebted countries would further blur the boundaries of mon and fiscal policy
  • this could raise questions about ECB independence
  • could, in the end, also increase pressure to keep interest rates low if highly indebted countries could not withstand a rate rise

Weidmann repeating on-going concerns on low rates/QE

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