The European Central Bank's (ECB) Governing Council member Jens Weidmann said on Tuesday that the central bank must be careful not to get caught up in the fiscal policy. In the face of high sovereign debt, Weidmann warned, ECB should be wary of any pressure to maintain its very loose course longer than the price outlook dictates.
Also, the policymaker argued the more broadly central banks interpret their monetary policy mandate, the more likely they are to become entangled in politics.