Weidmann says inflation rate will rise later than expected
- Economic outlook darker than a few weeks ago
- No evidence of sharp contraction in China
If Draghi can convince Weidmann to pull the trigger, the ECB could deliver a big jolt in March.
A short time ago, JPMorgan altered its ECB call for a cut in its deposit rate -0.70% (from -0.30%) and extend QE to the end of 2017 by year end beginning with a 20 bps cut in March.
More from Weidmann:
- Market volatility has been excessive
- Volatility has spread from Asia to the rest of the world
What I find most troubling about central bankers at the moment is that they continue to point the finger at China.
The scariest thing about the recent volatility is that central bankers have no clue what's really causing it.
