Europe (DP Information Desk): Chancellor Angela Merkel mentioned on Thursday that criticism in Germany of the European Central Financial institution’s file low rates of interest was reputable and didn’t quantity to interference within the financial institution’s independence, which she fully helps.
“The ECB is impartial in its coverage. It has a transparent mandate, that of value stability,” Merkel mentioned after talks within the Netherlands with Dutch Prime Minister Mark Rutte.
“It is uncontested that financial coverage cannot clear up all issues. That is why it is the accountability of us politicians to do our homework in our space, in financial coverage, in structural reform,” she added.
“The higher we do that, the quicker progress will come after which the inflation charge will definitely rise once more.”