13 C
November 27, 2021

Bundesbank new boss urges exit from emergency measures

New Bundesbank President Jens Weidmann signalled Monday that he will take a hard line on inflation and push the European Central Bank (ECB) to withdraw special measures it introduced to help banks recover from the financial crisis, WSJ informs. A challenge for the ECB will be to return to a normal working mode, Weidmann said at his inauguration. Weidmann, 43, was Chancellor Angela Merkel’s senior economic adviser before taking over as Bundesbank chief from Axel Weber. He is the youngest president in the history of the German central bank and the youngest member of the ECB’s rate-setting Governing Council.

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