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.Recently, the European Central Bank's monetary policy has been criticized by the German people. German officials continue to complain that low interest rates are hurting German people's pensions, perhaps fueling support for right-wing sentiment in China.
According to DeTi reports, the appeal filed this time is mainly to rule on whether the European Central Bank's behavior of expanding the scale and scope of its bond purchase plan is ultra vires.
The economics professors and entrepreneurs who filed the complaint said that the European Central Bank's monetary policy poses an incalculable threat to the assets and financial status of the German Central Bank and also poses a threat to German taxpayers. To achieve the % inflation target is just A front for the European Central Bank.
.This appeal was initiated. is a lawyer and professor of public finance. He said that the current monetary policy of the European Central Bank is unnecessary and unreasonable. The European Central Bank has ignored the principle of moderation.
The media expressed that they are very worried about the risks that the European Central Bank's corporate bond purchase plan will bring to Germany's finances. He hopes that the Supreme Court will at least prevent the German central bank from continuing to participate in the European Central Bank's asset purchase program and stop participating in the European Central Bank's corporate bond purchase program.
On March 1, the European Central Bank announced that it would lower its main refinancing interest rate by 3 basis points to .%, exceeding forecast expectations. The forecast expected that it would lower the overnight deposit rate by .% by .% and the overnight lending rate by .%. The scale will be expanded to €100 million per month and the scope will be expanded to include non-bank corporate bonds.