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ECB’s Weidmann says G20 discussed need to avoid competitive devaluations

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ECB and Bundesbank head on Bloomberg

Economic situation in Germany and Eurozone is different
ECB must take into account all Eurozone citizens
Expansionary monetary policy is appropriate
His comments are coming from Washington where central bankers and fin mins are meeting for an IMF shindig. At the same time as these hit, Schaeuble was also out with some words of wisdom;

Says he’s a defender of the ECB’s independence
ECB is overburdened as the sole functioning institution
He’s definitely softened his tone since last week where he was shaping up to have a right old dust off with Draghi.

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