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Dec 29, 2014 | 14:50 GMT

Germany: Low Oil Prices Make Bond Buying Unnecessary, Official Says

Head of the Germany's Bundesbank and member of the European Central Bank governing council Jens Weidmann said in an interview with Frankfurter Allgemeine Dec. 28 that the ECB should not implement a bond buying program known as quantitative easing because low oil prices have stimulated the European economy. According to Weidmann, economic growth in Germany will likely be better than expected because of the low oil prices.

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Germany: Low Oil Prices Make Bond Buying Unnecessary, Official Says
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