November 22, 2018 / 6:15 PM / in 3 months

ECB's Weidmann says stock market correction could lie ahead

German Bundesbank President Jens Weidmann delivers a speech during a dinner of the Hellenic Bank Association in Athens, Greece, August 30, 2018. REUTERS/Alkis Konstantinidis

FLORENCE, Italy (Reuters) - Bundesbank President Jens Weidmann warned on Thursday that stock market corrections could lie ahead, but said it was not something that should cause concern from a monetary policy perspective.

“We’re at a maturing cycle from a macro-economic perspective so stock markets are quite high and there might be a correction going ahead,” Weidmann said, answering a question from a student about recent falls in the share prices of U.S. tech firms.

“However this is not something that should worry us from a monetary policy point of view,” added Weidmann, who sits on the ECB’s rate-setting Governing Council.

Reporting by Gavin Jones; Editing by Crispian Balmer

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