3  As has Canada, but it is a special case in that it followed US rates down to very low levels. It has since raised them three times this year, but they are still only at 2.75 per cent.
Jens Weidmann: Challenges for the euro area: what progress has been made – what still needs to be done? Speech by Dr Jens Weidmann, President of the Deutsche Bundesbank, at the Swiss Institute of International Studies, Zurich, 9 March 2015. * 1. *  *  Introduction  Dr Meyer, Thomas, Ladies and Gentlemen Thank you for inviting me to this event.