ECB's Weidmann: ECB policy normalization process to be slow, likely to take several years

Jens Weidmann, President of the Deutsche Bundesbank and ECB board member, recently crossed the wires saying that bad news from the German economy could continue for a while.

Key quotes

• Growth risks for Germany are on the downside, uncertainty high.
• Expects German economy to grow below 1.5% this year.
• ECB policy normalization process to be slow, likely to take several years.

Source: Reuters.