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Financial Times/Martin Arnold/6-28-2021
“The head of Germany’s central bank [Jens Weidemann] has called for the European Central Bank’s pandemic-related bond purchases to be ‘reduced step-by-step’ and warned that inflationary pressures are mounting in the eurozone.”
USAGOLD note: Inflation pressures are mounting everywhere. Jens Weidemann’s warning came public the same day German import prices posted their biggest increase in 40 years. His suggestion to cut back bond purchases in the Eurozone is about as likely to fly as similar appeals in the United States.
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