ECB's Weidmann: ECB policy normalization process to be slow, likely to take several years

Eren Sengezer FXStreet

Jens Weidmann, President of the Deutsche Bundesbank and ECB board member, recently crossed the wires saying that bad news from the German economy could continue for a while.

Key quotes

Growth risks for Germany are on the downside, uncertainty high.
Expects German economy to grow below 1.5% this year.
ECB policy normalization process to be slow, likely to take several years.

Source: Reuters.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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