Earlier today Reuters cited a person familiar with Weidmann’s thinking, who spoke on condition of anonymity and said the Bundesbank leader no longer opposes quantitative easing.
As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer.
The headlines are a bit sensational because Weidmann said QE was not out of the question a month ago.
The euro is flat on the day at 1.3820 but has been as much as 45 pips higher and the story helped to pull it lower.
