Bundesbank dampens rate cut speculation

Bundesbank chief Ernst Welteke poured cold water on further ECB rate cut talk on Monday 16 June, suggesting it was now up to governments and politicians to get their economies in order.

Source: AFP

Bundesbank President Ernst Welteke, who also sits on the policy-setting governing council of the European Central Bank, appeared Monday to want to dampen speculation of further rate cuts following the half-point reduction in euro-zone borrowing costs earlier this month.

"In the past half year, we hav