ECB should scale back monetary stimulus after crisis – Weidmann

Deutsche Bundesbank president Jens Weidmann stressed the temporary nature of the European Central Bank’s (ECB) monetary stimulus in a speech on September 2.

“After the crisis, the emergency monetary policy measures would have to be scaled back,” said Weidmann. “When deciding on the PEPP [Pandemic Emergency Purchase Programme], it was particularly important to me that it was limited in time and clearly linked to the crisis.”

Because of the sharp increase in sovereign bond spreads between