Braking Down The News

Bundesbank President Jens Weidmann to Step Down

Critic of ECB’s easy-money policies is leaving for personal reasons, Bundesbank says

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FRANKFURT—Jens Weidmann, the hawkish German central-bank chief who made his name by attacking the European Central Bank’s crisis-fighting efforts, said he would step down from the Bundesbank in December, five years before his term was due to end.

Mr. Weidmann’s departure means that the ECB will lose one of its most hawkish policy makers just as it ponders whether and how to shift away from its ultra-easy-money policies amid a surge in eurozone inflation.

 

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