March 15, 2017 / 1:28 PM / 4 months ago

German Fin Min says sees mid-term rise in interest rates

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BERLIN, March 15 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Wednesday he expects interest rates to rise in the medium term which would play into budget planning.

Presenting preliminary budget plans for 2018, Schaeuble also reiterated that he saw scope for about 15 billion euros in tax cuts after the September election, adding his focus would not be on reducing sales tax. (Reporting by Michael Nienaber and Madeline Chambers)

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