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ECB’s Weidmann – Oil drop is a stimulus

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The European Central Bank (ECB) governing council member and the Bundesbank’s President Weidmann was on the wires stating the drop in the oil price is a stimulus and not a reason for deflation.

    Key Quotes

    Sharp fall in energy prices is what is mainly driving low rates

    Core inflation will gradually rise towards goal

    The longer we go with an ultra loose policy, the greater the risks

    No reason to talk down the economic outlook or paint a gloomy picture
    For more information, read our latest forex news.
     

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