Northern Europe's claim for a turn at leading euro-area monetary policy in the era after Mario Draghi advanced over the weekend as two contenders dropped hints that they're waiting to be asked. Northern Europe's claim for a turn at leading euro-area monetary policy in the era after Mario Draghi advanced over the weekend as two contenders dropped hints that they're waiting to be asked. German Bundesbank chief Jens Weidmann and outgoing Finnish Central Bank Governor Erkki Liikanen are the most explicit so far in the race to succeed the Italian president of the European Central Bank. He also outlined his views on monetary policy, saying the key is to be decisive. "When inflation accelerates to more than 2pc, which is our target, then I demand raising interest rates," said Mr Liikanen, who will be replaced by former European Commissioner Olli Rehn.

Source: Irish Independent May 22, 2018 01:30 UTC