Bundesbank stands firm on risks posed by non-standard policy

Jens Weidmann

The Bundesbank today published its annual report for 2013, using the publication to underscore its fears that non-standard monetary policy threatens central bank independence.

"A frank and open debate" is needed, the publication stated, "especially in cases where crisis measures sometimes involve controversial decisions that threaten to breach the bounds of the monetary policy mandate". Furthermore, independence does not mean a central bank has "carte blanche to do as it pleases", the report

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