Interest rates should rise ‘sooner rather than later’ – Germany’s Schaeuble

FXStreet (Mumbai) - Speaking at an engineering conference in Berlin on early Wednesday, German Finance Minister Wolfgang Schaeuble defended the case for policy normalization and cited his discontent for the low-interest regime that persists across the globe.

Schaeuble said that interest rates should rise "sooner rather than later," while voicing his support for a "normalisation" of rates. He further described interest rates as "too low" and added, "I don't want us to get used to it remaining as it is."