Reuters reported Wednesday that Bundesbank President Jens Weidmann warns inflation is likely to be much higher than the ECB projects, with a half-point upward revision in the offing for Germany alone. Germany’s central bank has opposed the quantitative easing that buttressed the weaker members of the European Union, but German voters will force the issue the moment that inflation picks up.
European Central Bank President Mario Draghi (R). Photo: Reuters, Ralph Orlowski
German patience with Mario Draghi’s ECB ends when inflation picks up
While Germany’s central bank has opposed quantitative easing so far, German voters will force the issue if inflation picks up.