“It is crucial to maintain specific and time-limited fiscal support measures; crucial to put public finances back on a solid footing after the pandemic,” he said Thursday. Jens Weidmann, member of the Governing Council of the European Central Bank (ECB) and President of the Bundesbank.
“It should be clear to everyone that we are not putting monetary policy at the service of fiscal policy,” Weidmann added. “The current high level of government intervention in the economy is justifiable in a crisis situation, but it should not become the new normal.”
Market reaction
The EUR / USD pair did not show an immediate reaction to these comments and was last seen posting small daily gains at 1.2195.
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