Jens Weidmann at the Frankfurt Finance Summit

According to Bundesbank President Jens Weidmann, the German economy has probably moved past the trough of the coronavirus crisis. He stressed that the Eurosystem's pandemic emergency purchase programme (PEPP) was geared towards the objective of price stability, temporary in nature and clearly linked to the crisis.“ “Policymakers must not assume that we would keep the financing costs of governments low forever,” he added.