March 27, 2017 / 5:38 PM / 4 months ago

Bundesbank's Weidmann calls for 'less expansive' ECB policy

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German Bundesbank President Jens Weidmann addresses a news conference at the G20 Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany, March 18, 2017.Kai Pfaffenbach

DUESSELDORF (Reuters) - Germany's central bank governor called on Monday for a "less expansive" monetary policy by the European Central Bank, which has been buying bonds and kept rates at record-low levels for years.

"I would like to see a less expansive stance," Jens Weidmann, who sits on the ECB's decision-making body, said at an event in Duesseldorf.

Reporting By Matthias Inverardi; Writing by Francesco Canepa; Editing by Balazs Koranyi

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