29 June 2001, 11:54 Schroeder says ECB needs to 'take responsibilities' in monetary policy
BERLIN (AFX) - German chancellor Gerhard Schroeder said the
European Central Bank needs to "take its responsibilities" in
formulating monetary policy.
Speaking to the Bundestag lower house, Schroeder nevertheless
affirmed the independence of the ECB.
"We have no advice for the ECB as this bank is independent. We
expect that it will take its responsibilities in making monetary
policy", he said.
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