Weidmann says latest ECB package went ‘too far’

Jens Weidmann
Jens Weidmann, Deutsche Bundesbank

The European Central Bank (ECB) went "too far" with the package of easing measures it launched this month, Deutsche Bundesbank president Jens Weidmann said today (March 23).

On March 10 the governing council agreed to expand the ECB's quantitative easing programme to €80 billion a month, start buying corporate bonds, cut rates across the board, introduce new guidance and launch a second round of targeted, longer-term refinancing operations.

At the time, ECB president Mario Draghi insisted there

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