In view of the rising risks for financial stability the ECB should have talked about preparing the tapering. "It is not a matter of waiting with all measures until the inflation is on target. Instead, the ECB should start talking about an exit from the bond-buying program", Wieland said. In his opinion, it is important for the ECB to react, even with a small step. "That's not even a rise in interest rates", he added.
Tagesschau.de: "EZB belässt Leitzins auf Null"