Weber does not plan on second term: Bundesbank source


Axel Weber, the president of the Bundesbank, does not plan on serving a second term, a source within the central bank told on Wednesday afternoon.

Weber's first eight-year term as Bundesbank president is set to conclude on April 30 next year. The source said he does not intend to seek a renewal. There is no maximum number of terms that a Bundesbank president can serve.

The confirmation follows media reports on Wednesday that Weber was out of the running for the post of

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