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26 Apr 2013
Germany assures it has no intention of influencing ECB’s monetary policy decision
FXstreet.com (Barcelona) - German government spokesman Steffen Seibert said today that Angela Merkel had no intention of influencing the European Central Bank’s monetary policy decision when she said yesterday that Germany would welcome a rate hike by the central bank.
Seibert explained that the Chancellor only wanted to provide a context for ECB’s upcoming decision, by expressing hope that the central bank’s policy of keeping rates low would soon come to an end, responding to the needs communicated by some savings banks in the last few weeks.
Finally, the spokesman insisted that the German government respects the independence of the ECB.
Seibert explained that the Chancellor only wanted to provide a context for ECB’s upcoming decision, by expressing hope that the central bank’s policy of keeping rates low would soon come to an end, responding to the needs communicated by some savings banks in the last few weeks.
Finally, the spokesman insisted that the German government respects the independence of the ECB.