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- German Buba President Weidmann: no reason to be overly pessimistic about the economic slowdown
German Buba President Weidmann: no reason to be overly pessimistic about the economic slowdown
German growth dip has extended into 2019, full-year growth to fall "well short" of 1.5%
normalisation of monetary policy will be a gradual process, lasting several years;
ending QE was only first step
ECB should look through short-term weakness
Next steps in ECB policy depend on inflation developments over the medium-term
Important to continue policy normalisation when appropriate
Fiscal policy reaction is needed in case of a 'big shock'
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