Bundesbank issues policy warning
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE TUG-OF-WAR over German interest rate policy between the new government and the Bundesbank escalated at the weekend, as three central bank officials warned political pressure to lower borrowing costs could have the opposite effect.
Attempts by governments to interfere with the policy of the German central bank or its Europe-wide successor, the European Central Bank, will prove "counterproductive", Bundesbank council member Edgar Meister said, adding that a rate reduction is not needed while the economy continues to expand. His comments, supported by Bundesbank Vice President Juergen Stark and fellow council member, Franz-Christoph Zeitler, came as Chancellor Gerhard Schroder and Finance Minister Oskar Lafontaine urged the bank to rethink its rate policy with a view to stimulating economic growth.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments