German FM Schaeuble: Most people expect the ECB to take a further step at Sept meeting

German FM Schaeuble

• Interest rates will remain low but we will see an end to ultraloose monetary policy in foreseeable future
• Most people expect the ECB to take a further step at September meeting toward exiting very expansive monetary policy
• ECB needs to be careful when ending ultraloose policy. He adds "I hope it goes well"
• I always tell Draghi "The Germans must be able to understand whar you're doing"