May 2, 2018 / 3:46 PM / a year ago

Germany's Weidmann says mid-2019 ECB rate hike still realistic

FRANKFURT, May 2 (Reuters) - Concerns about an imminent end to the euro zone’s economic expansion are exaggerated while expectations of a European Central Bank rate hike towards the middle of next year remain realistic, Germany’s representative on the bank’s policy-making body said.

“Some observers already see evidence of an approaching end to the upswing in the recent economic slowdown,” Jens Weidmann told an audience in Mannheim, Germany. “However, I think such worries are exaggerated.”

$1 = 0.8354 euros Reporting by Francesco Canepa; editing by John Stonestreet

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