Jens Weidmann, president of Germany’s Bundesbank, is concerned about the future of monetary policy. In a speech this week, he claimed that some governments are eroding the independence of their central banks. He also warned against the risks of a politicisation of exchange rates, which could bring the world back to the era of “competitive devaluations”. For now, both fears are overstated.
德國央行(Bundesbank)行長延斯?魏德曼(Jens Weidmann)對貨幣政策的未來感到擔憂。他在本周一次講話中指出，有些政府正在削弱本國央行的獨立性。他同時警惕要防范匯率政治化的風險，因為它可能會把世界帶回到“競爭性貶值”的時代。目前看來，這兩種擔憂都有些過了。
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