ECB's Weidmann: No reason to depart from the pre-crisis monetary policy framework

Below are some key takeaways from the keynote speech delivered by Jens Weidmann, President of the Deutsche Bundesbank and ECB board member, at the European Banking Congress.

• Monetary policy should be effective in reaching the inflation mandate, leave enough room for market activity.
• He sees no reason to depart from the pre-crisis monetary policy framework.
• Lean balance sheet would help future crisis response.
• ECB should change toolbox only after normalization.
• Current ECB policy space is rather limited.