Monetary policy was back in the firing line this week with analysts digesting comments from Germany's Minister of Finance Wolfgang Schaeuble who has claimed that the European Central Bank (ECB) is fueling a rise in right-wing politics.
Schaeuble, a member of the ruling Christian Democratic Union, has held a hard line against the quantitative easing employed in the euro zone. He has also been critical of the country's anti-immigrant Alternative for Germany (AfD) party, which saw a dramatic rise in support in regional elections this year, and gone so far as to claim its popularity has partly been fueled by loose monetary policy.
In a speech in Frankfurt, Schaueble laid part of the blame for the party's rise on the central bank and its president, Mario Draghi.
"I said to Mario Draghi…be very proud: you can attribute 50 percent of the results of a party that seems to be new and successful in Germany to the design of this [monetary] policy," he said, according to a report by the Wall Street Journal. The German Finance Ministry did not immediately respond to a request for comment when contacted by CNBC.