German Far-Right Party Targets ECB Before Key Regional Election
- AfD official Weidel says bank’s policies stoke inflation
- Criticism comes before vote in eastern state of Saxony-Anhalt
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Germany’s far-right AfD party renewed its attacks on the European Central Bank ahead of a key regional vote, accusing the Frankfurt-based institution of stoking inflation and “dispossessing” citizens.
AfD officials have long targeted the ECB, saying that its monetary policies, including hundreds of billions of euros in bond purchases, are stoking price gains and eating away at the savings of ordinary voters. The warnings especially resonate in Germany due to its experience with hyperinflation in the early 1920s.