Jens Weidmann, a member of the Governing Council of the European Central Bank (ECB) and President of the Bundesbank, said on Wednesday that the latest round of bond purchases risks weakening the market’s ability to discipline governments, as reported by Reuters.
“This problem (of weaker market discipline) in particular has been exacerbated by the recent increase in the PEPP“Weidmann added.”We must be careful that emergency monetary policy measures do not become permanent. Should be reduced after the crisis“.
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