Comments from head of the Bundesbank Jens Weidmann (speaking on Saturday at a Bundesbank open day for the public). In brief:
- Said ECB interest rates are too low for Germanyand it should tighten policy as soon as it can
- “It is clear that monetary policy, when seen from a German viewpoint, is too expansive for Germany, too loose,”
- “If we pursued our own monetary policy, which we don’t, it would look different.”
- “But we are in a currency union. That means that, in our monetary policy decisions, we must orientate ourselves to the whole currency union.”
