According to Wieland, the ECB has missed the time for tightening monetary policy when the economy in the euro area was recovering in the last years. In a symmetric approach, the ECB could refrain from further loosening monetary policy again this time. Regarding inflation expectations, there is no fear of deanchoring, according to Wieland.
Neue Zürcher Zeitung: "EZB-Chef Draghi lädt die nächste Bazooka - doch es gibt Widerstand aus den eigenen Reihen"