Bundesbank President Jens Weidmann

Bundesbank President Jens Weidmann: The ECB expects the euro regions economy to improve and inflation rates to increase slowly, said Weidmann, whos an ECB Governing Council member. The latest slowdown of inflation was mainly due to lower energy and unprocessed-food prices, he said, according to Business Week. ECB policy makers are unanimous in their agreement to use unconventional measures if needed to boost prices, ECB President Mario Draghi said after the banks April 3 monetary-policy meeting, in which a discussion of quantitative easing -- large-scale asset purchases -- was not neglected and Bundesbank President Jens Weidmann said the euro areas risk of a broad-based decline in consumer prices is low and any unconventional European Central Bank measures to avoid deflation would have to meet many conditions. The risk is very low that the euro region will face a broad-based deflation, Weidmann told reporters in Washington at a joint press conference with German Finance Minister Wolfgang Schaeuble. Monetary policy should only respond to such falling primary-goods prices in the event of notable second-round effects. (news.financializer.com). As reported in the news.