ECB's Weidmann: Fed on path towards monetary policy tightening, ECB is not

European Central Bank governing council member and head of Germany's central bank, the Bundesbank, Jens Weidmann, speaking on the weekend

• "The monetary policy of the euro system does not ride on the coattails of the Fed"
• Only when the economic recovery in the euro zone makes further progress and prices move upwards more strongly can the base rate in the euro zone be raised again"
• The Fed is on a path towards monetary policy tightening; the ECB is not for the foreseeable future. This is not going to change either in December."

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When you hear someone talking about divergent monetary policy , this is what they mean: :The Fed is on a path towards monetary policy tightening; the ECB is not for the foreseeable future"