ECB won't end asset purchase program all of a sudden, Weidmann says

BERLIN (Reuters) - The European Central Bank will not put a sudden end to its asset purchase program, ECB policymaker Jens Weidmann said in an interview with German newspaper Frankfurter Allgemeine Sonntagszeitung.

In comments due to be published on Sunday, Weidmann reiterated his criticism of the ECB's asset purchases, saying he saw them "very critically".

"Given that debts are still high in some euro zone countries, that could cause pressure to build on monetary policy to keep interest rates low for longer than is absolutely necessary," said Weidmann, who is also an ECB policymaker.

But he added: "The ECB (Governing) Council will not end the purchases all of a sudden now."

(Reporting by Michelle Martin; Editing by Hugh Lawson)

Related News

After drug war contracting boom, Mexican prisons stand idle

Feb 17, 2017

US-MEXICO-PRISONS:After drug war contracting boom, Mexican prisons stand idle

Trump paid $38 million in taxes in 2005: White House

Mar 15, 2017

US-USA-TRUMP-TAXES:Trump paid $38 million in taxes in 2005: White House

Advertisers bet big on March Madness as live sports ratings wane

Mar 13, 2017

US-NCAA-BASKETBALL-ADVERTISING:Advertisers bet big on March Madness as live sports ratings wane

Must Read

After drug war contracting boom, Mexican prisons stand idle

Feb 17, 2017

US-MEXICO-PRISONS:After drug war contracting boom, Mexican prisons stand idle

Trump paid $38 million in taxes in 2005: White House

Mar 15, 2017

US-USA-TRUMP-TAXES:Trump paid $38 million in taxes in 2005: White House

Advertisers bet big on March Madness as live sports ratings wane

Mar 13, 2017

US-NCAA-BASKETBALL-ADVERTISING:Advertisers bet big on March Madness as live sports ratings wane

Search
You May Need To Know

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales@obserworld.com