September 8, 2017 / 10:04 AM / 2 months ago

ECB should not miss right moment to act on policy: Weidmann

HAMBURG, Germany (Reuters) - The European Central Bank should be careful not to miss the right moment to tweak its policy stance, Bundesbank President Jens Weidmann, one of the ECB’s top critics, said on Friday.

FILE PHOTO: Germany's federal reserve Bundesbank President Jens Weidmann stands beside the door of a giant safe as he poses for a photograph at the money museum next to the Bundesbank headquarters during a photo shoot with Reuters in Frankfurt May 17, 2013. REUTERS/Kai Pfaffenbach/File Photo

Weidmann’s comments come after the ECB kept its ultra easy policy unchanged on Thursday and said it would likely decide in October whether to extend its 2.3 trillion euro asset purchase scheme or start winding it down.

Reporting by Jan Schwartz; Writing by Balazs Koranyi; Editing by Francesco Canepa

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