Merkel: ECB would have to raise rates if looking at Germany only

 

The European Central Bank would have to raise interest rates if it were looking at Germany alone but it is in a difficult position because of the economic divergence in the currency bloc, German Chancellor Angela Merkel said on Thursday.

"The ECB is in a difficult position. For Germany it would actually have to raise rates slightly at the moment, but for other countries it would have to do even more for more liquidity to be made available," Merkel said at a banking conference, in an unusually outspoken comment on central bank policy.

source ...

 

And that is why there will be no rate cut