ECB could return to stimulating eurozone economy, but only if Bundesbanker fails to get top job at central bank

The ECB could return to its major programme of buying bonds next year, possibly meaning interest rates would stay low for much longer, but only if Bundesbank chief Jens Weidmann doesn’t get his hands on the top job at the central bank.

That’s the view of Capital Economics which believes the ECB could resume its so-called quantitative easing (QE) programme of stimulating the eurozone economy because of modest growth and flagging inflation.