Weidmann accepts OMT as ministers discuss Draghi succession
Bundesbank president withdraws his opposition to OMT programme unveiled by Mario Draghi in 2012
Jens Weidmann publicly accepted the European Central Bank’s ability to use outright monetary transactions (OMT).
His public statement is likely to be seen as a bid to boost his candidacy to become the next president of the ECB.
In an interview with the German Weekly Die Zeit on June 19, the president of the Bundesbank softened his opposition to ECB’s sovereign-bond buying programme. “The European Court of Justice has examined OMT and determined it to be legal. Moreover, OMT is current policy,”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Trends in reserve management 2024: survey results
- Central bank of the year: Central Bank of Brazil
- Riksbank’s Thedéen to be next Basel Committee chair