Weber to step down as Bundesbank head in April

City A.M. Reporter
Axel Weber will step down as head of the Bundesbank with effect from April 30, a spokesman for German Chancellor Angela Merkel has said.

The news came after Merkel and Weber met together with Finance Minister Wolfgang Schaeuble.

A decision on Weber's successor will be announced next week, Merkel's spokesman Steffen Seibert said.