European Central Bank Governing Council member Jens Weidmann warned the ECB in a newspaper interview not to go too far with its bond-buying program as this would have the same effect as buying government bonds directly from issuer countries.
“If the purchase volume becomes too large, the purchases will have an impact on the secondary market similar to that of direct purchases from the states that are forbidden for us,” Weidmann told Frankfurter Allgemeine Zeitung in an interview due to be published on Friday.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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