Jens Weidmann, a member of the Governing Council of the European Central Bank (ECB) and President of the Bundesbank, argued on Thursday that the ECB must ensure that emergency tools do not become permanent.
This is not the first time that Weidmann has expressed concern about the ECB’s emergency tools. In December, Weidmann said that the latest round of ECB bond purchases risks weakening the market’s ability to discipline governments.
“We must be careful that emergency monetary policy measures do not become permanent,” Weidmann said. “Should be reduced after the crisis“.