Germany’s central bank - Bundesbank (Buba) board member Andreas Dombret, crossed the wires last hour, speaking in Tokyo on Bloomberg TV.
Main Headlines:
Looks like a hard Brexit or very hard Brexit
Brexit is manageable for banks with proper preparation
Expects that London will continue to be the financial centre
Germany economy doing rather well
Sees a robust Germany economy in 2017 through 2019
Declines to comment on EUR FX rate
Inflation in euro area is up markedly
Does not see any deflationary tendencies in Europe
Stronger economy to be a tailwind for wages, consumption
1.2% core inflation is still quite far away from target, so present monetary stance seems justified for now
See solid economic development in China to mid term
Not afraid of immediate downside effects in China
Source:
https://www.fxstreet.com/news/bubas-dombret-looks-like-a-hard-brexit-or-very-hard-brexit-201705230354
Main Headlines:
Looks like a hard Brexit or very hard Brexit
Brexit is manageable for banks with proper preparation
Expects that London will continue to be the financial centre
Germany economy doing rather well
Sees a robust Germany economy in 2017 through 2019
Declines to comment on EUR FX rate
Inflation in euro area is up markedly
Does not see any deflationary tendencies in Europe
Stronger economy to be a tailwind for wages, consumption
1.2% core inflation is still quite far away from target, so present monetary stance seems justified for now
See solid economic development in China to mid term
Not afraid of immediate downside effects in China
Source:
https://www.fxstreet.com/news/bubas-dombret-looks-like-a-hard-brexit-or-very-hard-brexit-201705230354
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