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Bloomberg Report That Weidmann & Wunsch Objected to New ECB Guidance

ECB
  • No surprises there - Weidmann of the Bundesbank and Wunsch of the Belgian central bank are known to be among the hawks on the ECB's GC. The piece notes:
  • "The two Governing Council members were concerned about wording that can be seen as making too much of a long-term commitment to loose monetary policy"
  • "Other officials agreed to the forward guidance on the condition that it only affects interest rates, not asset purchases"
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