Jens Weidmann in seinem Büro in der Bundesbank
Bild: Wolfgang Eilmes
We do not need a large-scale response from monetary policymakers, says the president of the Deutsche Bundesbank, Jens Weidmann. In an interview on the darkened economic outlook, he speaks about the overstated fear of inflation – and why interest rates could fall even lower.
Mr Weidmann, clouds are gathering over the economic outlook. Are Europe’s monetary policymakers getting ready to launch another large-scale operation?
It’s become something of a habit for people to turn straight to monetary policymakers and demand a large-scale response. Ever since the onset of the crisis, central banks have been widely regarded as the only institutions capable of taking action. I think that’s wrong. And what’s more, it doesn’t do justice to the euro area’s latest economic data, either.
But surely the economic situation doesn’t leave you cold?