Economics

Weidmann, Wunsch Opposed ECB’s New Guidance on Interest Rates

Officials raised concerns about commitment to loose policy
Lagarde said there was ‘overwhelming’ support for new guidance

Jens Weidmann
Photographer: Alex Kraus/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alexander Weber, Jana Randow, and Carolynn Look

July 22, 2021 at 3:28 PM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Bundesbank President Jens Weidmann and Belgian Governor Pierre Wunsch opposed new European Central Bank policy guidance that signals a longer period of record-low interest rates, according to officials familiar with the matter.