BERLIN, March 12 German Finance Minister
Wolfgang Schaeuble said on Wednesday the level of interest rates
was too low for the medium term and his financial plan assumed
it would inch up progressively.
Speaking at a news conference after the cabinet met to agree
his budget proposal for 2014 and his 2015-2018 financial plan,
Schaeuble said he agreed with European Central Bank chief Mario
Draghi that there was no sign of deflation in the euro zone.
The head of the German Bundesbank, Jens Weidmann, was also
at the cabinet meeting.
(Reporting by Matthias Sobolewski; Writing by Sarah Marsh and
Annika Breidthardt; Editing by Stephen Brown)