ECB’s Weidmann: Monetary policy not a global panacea

In introductory remarks before a speech by the IMF's managing director, Lagarde, the European Central Bank's (ECB) governing council member Jens Weidmann said that monetary policy is not a global remedy.

Key Quotes:

IMF indispensable part of rescue programmes

Monetary policy not a global panacea

Scope for fiscal impulses is limited

Structural reforms and reducing political uncertainty key to boosting investment