Volker Wieland advises ECB to normalize monetary policy more decisively (Börsen-Zeitung)

According to Prof. Volker Wieland, most forecasters have underestimated the inflation trend over the course of the year. According to Wieland, the U.S. Federal Reserve should now curb its bond purchases, and he also believes that a more pronounced monetary policy response is appropriate at the European Central Bank (ECB). "The ECB should normalize more decisively," he said in an interview with Börsen-Zeitung.

According to Wieland, the ECB should at least present a normalization strategy with forecasts on interest rate and balance sheet developments. In addition, he advises publishing a regular survey of the ECB's Governing Council members on inflation, growth and key interest rate developments.

Börsen-Zeitung: "Lieber etwas früher mit der Straffung beginnen"