Head of Bundesbank Weidmann: Too Early to say if Measures Adopted are Enough

Trading Tips

It is too early to say whether measures aimed at supporting the Eurozone economy in the context of coronavirus impact will be sufficient, the head of the German Bundesbank Jens Weidmann said in an interview with Bloomberg, adding that monetary and fiscal policies aimed at stimulating growth will remain necessary for some time to come.
“It is still impossible to say for sure whether there will be enough measures taken to date,” said Weidmann, a member of the board of the European Central Bank.

“The decisive factors in the adoption of further economic measures will be the pace of infection, duration of lockdowns and success in addressing the liquidity and potential solvency problems faced by companies and households,” he said in an interview published on Friday.

Euro extended declines against US dollar which continued to attract more buyers acting as a global safeheaven.

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Share this post:

Let’s block ads! (Why?)

Tickmill

Leave a Reply

Your email address will not be published. Required fields are marked *