Germany’s finance ministry expects interest rates to rise in coming years, causing new Minster Olaf Scholz to take steps to cushion additional costs to meet budget goals, Der Spiegel weekly reported on Saturday. “The financial planning up to 2022 (envisages) a necessary normalization of the capital market environment,” Spiegel cited an internal document as saying. Experts usually see interest rates of between 3 percent and 4 percent as “normal”, compared to below zero percent now, reported Der Spiegel. The European Central Bank’s deposit facility is at -0.40 percent while its benchmark refinancing rate is at a record ... (full story)