Comment: Weber reveals his monetary policy stance

Axel Weber set out his thinking on the role of monetary policy and interest rates in three recent speeches. This article explores his views.

COMMENT BY CENTRALBANKNEWS

In the first of three recent speeches*, Axel Weber, president of Germany's Bundesbank and a member of the governing body of the European Central Bank, investigated the suitability of the natural real rate of interest as a benchmark interest rate against which to establish whether current interest rates represent prudent monetary

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