ECB’s German board member quits over loose monetary policy

Sabine Lautenschläger’s resignation points to deep divisions at central bank

 Ms Lautenschläger is not the first German representative on the ECB board to quit after disagreeing with its dovish monetary policy. 

 In 2011, Jürgen Stark quit in protest over the central bank’s purchases of government bonds in response to the eurozone debt crisis. 

 Earlier that year, Axel Weber quit as head of Germany’s Bundesbank after fiercely opposing the ECB’s strategy.

 FT 26 September 2019

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