Weidmann - Eurozone may not reach 2016 inflation target of 1%

Bundesbank’s Weidmann added further that the Eurozone may not reach 2016 inflation target of 1% as the downside risks to Eurozone inflation have increased recently.

On low rates, Weidmann said, “the burden for banks rises the longer rates stay low” and “the governments are not seizing chance to use low rates to cut debt.”