The German government is likely to extend Bundesbank President Jens Weidmann`s tenure for another eight-year term, a government source said on Tuesday, confirming a report in the Sueddeutsche Zeitung newspaper.
Weidmann, a member of the European Central Bank`s governing council, is serving an eight-year term that expires in April. Asked whether Weidmann would be asked to stay on, the source said: "That`s how it will play out."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.