Advertisement
Singapore markets closed
  • Straits Times Index

    3,173.55
    +1.62 (+0.05%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.63 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.25 (+0.82%)
     
  • Bitcoin USD

    63,075.13
    -4,943.54 (-7.27%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,718.15
    -4.40 (-0.06%)
     
  • Gold

    2,157.00
    -7.30 (-0.34%)
     
  • Crude Oil

    82.46
    -0.26 (-0.31%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Nikkei

    40,003.60
    +263.20 (+0.66%)
     
  • Hang Seng

    16,529.48
    -207.62 (-1.24%)
     
  • FTSE Bursa Malaysia

    1,544.96
    -8.68 (-0.56%)
     
  • Jakarta Composite Index

    7,336.75
    +34.30 (+0.47%)
     
  • PSE Index

    6,848.43
    -4.86 (-0.07%)
     

Weidmann did not agree to ECB decision to extend bond buys - FAZ

FRANKFURT (Reuters) - The president of Germany's Bundesbank, Jens Weidmann, did not agree with Thursday's decision by the European Central Bank to extend its bond purchases, German newspaper the Frankfurter Allgemeine Zeitung (FAZ) reported.

The Bundesbank declined to comment on the report, in which the FAZ said Weidmann, who sits on the ECB's policymaking Governing Council, expressed objections to the plan.

The ECB trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the programme away.

Central banking sources told Reuters that Weidmann's scepticism about the ECB's bond-purchase programme is well known and has not changed.

(Reporting by Frank Siebelt; Writing by Paul Carrel; Editing by Victoria Bryan)