For Volker Wieland, it is time for the ECB to send signals (FAS)

Strongly rising inflation rates are putting the European Central Bank (ECB) under pressure ahead of its monetary policy meeting this week. According to Volker Wieland, it is time for the ECB to send signals. "If you were to steer a little in the direction of normalization now, that is not a full brake, but still an expansionary monetary policy," he said in an interview with the "Frankfurter Allgemeine Sonntagszeitung" (FAS).


Such a normalization could include a reduction in bond purchases and even a first interest rate hike this year. According to Wieland, high government debt in the euro area is not an obstacle to this. "The euro area member states have significantly reduced their interest costs and taken on longer-term debt. A rapid rise in interest costs is therefore not to be expected."

Frankfurter Allgemeine Sonntagszeitung: "Der Preis des Zauderns" (€)