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Bundesbank President Dismisses Deflation, Increases Tension At ECB

(Frankfurt, Germany) On Wednesday in Frankfurt, Jens Weidmann, President of the Bundesbank, Germany’s central bank, indicated that his country’s economy―Europe’s largest―is doing just fine, and that he believes the overall shape of the euro area isn’t as bad off, even as the inflation outlook worsens. Still, in other statements, given his hawkish position as a Governing Council member of the European Central Bank (ECB), he warned that further stimulus could weaken the transmission of policy to the economy.

Bundesbank President Dismisses Deflation, Increases Tension At ECB
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