Bundesbank chief: ECB must tighten rates as soon as justified

Frankfurt

THE European Central Bank (ECB) must not allow low interest rates and monetary stimulus to last indefinitely, the head of Germany's Bundesbank (central bank) said on Monday.

"Under no circumstances can interest rates remain so low for longer than is absolutely necessary with regard to price stability," Bundesbank president Jens Weidmann told a group of European newspapers including the Sueddeutsche Zeitung.