Market news
03.03.2021, 11:00

Bundesbank president Weidmann: German economy strong enough to cope with longer lockdowns

  • German economy robust enough to deal with a longer weaker phase

  • German inflation to be slightly stronger than expected this year

  • Extended lockdowns into Q2 would only delay the recovery process

  • ECB can flexibly adjust pace of PEPP purchases if needed

  • We see spillovers from rising US borrowing costs

  • Must very carefully analyse rise in bond yields

  • Financing conditions are still favourable

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