Original title: sudden! Weidmann, a hawk of the European Central Bank and president of the Bundesbank, announced his resignation for personal reasons.
Source: FX168
Jens Weidmann, president of the European Central Bank (European Central Bank), announced on Wednesday that he would resign as president of the Bundesbank at the end of the year for personal reasons.
In a letter to Bundesbank staff, Mr Weidmann said: "I have come to the conclusion that more than a decade is a good time to turn a new page-for the Bundesbank and for me personally."
He has been at the helm of the Bundesbank since the height of the eurozone sovereign debt crisis in 2011. During his tenure, Mr Weidmann has been one of the most influential figures in the ECB's decision-making bodies, known for his more conservative policy views.
Weidmann leaves office at a time when the European Central Bank is facing a difficult choice, that is, how to deal with the euro zone's Qualcomm Inc.胀。
Referring to ECB policy on Wednesday, Mr Weidmann said the ECB had "played a stabilizing role in monetary policy during the epidemic" and highlighted recent decisions to set "symmetrical and clearer inflation targets".
"side effects, especially the risk of financial stability, will receive greater attention," he said.