Weidmann Says ECB Balance-Sheet Target Is Risky
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European Central Bank Governing Council member Jens Weidmann said targeting the amount of assets owned by the ECB is a risky endeavor.
“It worries me quite a bit, there’s a risk related to the announcement of a balance-sheet target, together with the two purchase programs,” Weidmann, who heads Germany’s Bundesbank, said in Washington late yesterday. The danger is “that we’ll buy these assets overpriced,” he said.