August 23, 2017 / 1:22 PM / a year ago

ECB's Weidmann calls for orderly, quick end to bond buys: newspaper

FRANKFURT, Aug 23 (Reuters) - The European Central Bank should start an orderly and relatively quick exit from its asset purchase programme next year though the scheme should not be ended overnight, Bundesbank President Jens Weidmann told a German newspaper.

“Based on our June forecast, there is no need in my view for taking further action for next year, and in particular not for extending the buying programme,” Weidmann told Boersen-Zeitung in an interview.

Weidmann said he believed that inflation would continue to rise towards the ECB’s target and argued that even without asset buys, ECB policy would remain expansionary. (Reporting by Balazs Koranyi; editing by John Stonestreet)

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