View from City Road: The Bundesbank's strange timing

Tuesday 03 August 1993 18:02 EDT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The Bundesbank appears to have cut its money market rates yesterday as a sop to French feelings ahead of the Franco-German meetings. If so, it betrays an astonishing but no longer unprecedented insensitivity. Precisely such a reduction might well have been enough last Thursday to lift the pressure on the franc. Its timing yesterday looks like a triumphalist slap in the face.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

View from City Road: The Bundesbank's strange timing

Join our commenting forum

Thank you for registering