Central Banking

Buba tells Euro politicians to keep hands off ECB

Germany's central bank warned European finance ministers on Jan. 24, 2001, not to interfere with the European Central Bank after signs that some politicians were lobbying for more policy influence.The Bundesbank said in its January monthly report that the Euro Group of euro zone finance ministers must avoid giving any impression that they had ambitions to steer monetary or currency policy.

Its words also coincided with a series of statements from the ECB leadership dampening prospects for an e