Volker Wieland: "I do not consider the risk of the ECB lowering interest rates too late to be great" (Börsen-Zeitung)

According to Prof. Volker Wieland, the European Central Bank (ECB) should refrain from lowering interest rates for the time being. In an interview with "Börsen-Zeitung", he refers to the core rate of inflation and domestic inflation. It shows "how persistent inflation still is". With market interest rates at just under 4%, monetary policy is currently not particularly restrictive.

According to Wieland, a possible recession in Germany this year cannot be blamed on the ECB. In his view, this is due to increasing bureaucracy and an excessively high tax burden for companies. "There is a lack of supply-oriented policies that significantly improve competitiveness." He believes that shutting down nuclear energy without having sufficient alternatives available is a mistake.

When it comes to climate policy, Wieland is skeptical about the role of the ECB. "I consider its influence on emissions in the eurozone to be very small." The instruments of the CO2 tax and emissions trading are much more effective than the ECB's bond-buying policy, for example.

Börsen-Zeitung: "Das Risiko, dass die EZB die Zinsen zu spät senkt, halte ich nicht für groß"