ECB’s Weidmann: Ending QE is first step of multi-year normalisation

The European Central Bank (ECB) Governing Council member and German central bank Head Jens Weidmann was on the wires last minutes, via Reuters, making a scheduled speech about monetary policy challenges for the Euro, at a jointly held conference by the Bank of France and Bundesbank, in Paris.

Key Headlines:

It will take 'some time' until deposit rate exceeds 0%.

Eurozone upswing to continue despite downside risks.

Convinced that ECB's target inflation rate remains appropriate.

Moving to higher inflation target could jeopardize stabilization gains.

Even if QE has come to an end, monetary policy stance to remain very accommodative.

Ending QE is just the first step, but important to actually 'get the ball rolling'.