BuBa's Weidmann: Deflation fears have largely disappeared

Dr. Jens Weidmann, President of the German Bundesbank, delivered his speech titled "The monetary policy after the crisis," with the key quotes found below:

• Governing Council must pay attention not to miss the right timing for monetary policy normalization
• Deflation fears have largely disappeared
• Given the dampened price increase, an expansive focus on monetary policy in the euro area remains appropriate
• It is clear that the monetary policy of the euro area will remain exceptionally accommodating even after the end of the net purchases under the bond purchase program