ECB's Weidmann (Germany): ECB would be in uncharted territory if it were to adopt QE, ECB needs to respect the limits of its mandate
- Markets are rewarding the eurozone for reform progress, and all indications are that the eurozone recovery will continue.
- Still too early to say eurozone debt crisis is over.
- Broad deflation risks are very limited.
- Current EUR FX level does not warrant monetary policy action. Current ECB monetary policy remains expansive.
- Economic sanctions on Russia could compound the negative impact on the Russian economy following accession of Crimea