Weidmann repeats opposition to ABS programme

'Risk of monetary policy being hostage to politics'

(ANSA) - New York, October 7 - Bundesbank President Jens Weidmann on Tuesday reiterated the German central bank's opposition to the European Central Bank's plans to bolster the eurozone economy by buying asset-backed securities (ABS).
    "There's a risk, above all in the eurozone, that monetary policy may be a hostage to politics," Weidmann told the Wall Street Journal.
   

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