Bundesbank president staunchly defends independence

Jens Weidmann

Jens Weidmann, president of the Deutsche Bundesbank, yesterday (January 21) defended central banks' independence against the increasing politicisation of their mandates.

Weidmann expressed concern that independence was going "out of fashion", as central bank mandates are expanded and the primacy of monetary policy is increasingly questioned.

Echoing comments made by Mario Draghi in an interview with the Financial Times in December last year, Weidmann stressed that a central bank's ability to

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