Volker Wieland warns about active exchange rate polidy of the ECB

In an interview with the German business paper "Handelsblatt" Volker Wieland, member of the German Council of Economic Experts, has warned about an active exchange rate policy of the European Central Bank.

"The exchange rate should not be a direct goal of monetary policy," he said according to "Handelsblatt". This would mean a conflict with the domestic objective of price stability he added.

A short version of the interview can be found on "Handelsblatt.com".