Volker Wieland: "ECB should slow down bond-buying program" (FAZ)

Prior to the eagerly-awaited meeting of the European Central Bank's (ECB) Governing Council, professor Volker Wieland has warned the ECB about further loosening its monetary policy.

"The ECB should not expand its bond-buying program", Wieland said. In his opinion, the ECB should rather discuss about restricting the program or phasing it out earlier. In his explanations, he referred to the core rate of the consumer price index, which is slightly above one percent. The inflation rate as measured by the GDP deflator is even higher. The total rate of the consumer price index is reduced due to cheap energy prices, Wieland explained.

FAZ: "EZB soll Anleihekäufe bremsen"

also Dow Jones: "Wirtschaftsweiser Wieland warnt vor mehr EZB-Anleihekäufen"