Article: ECB official indicates interest rates may rise further

From news reports
International Herald Tribune
09-09-2007
Euro-zone interest rates have further to rise, one European Central Bank Governing Council member, Axel Weber, said Friday, although other policy makers emphasized that no move was imminent given uncertainty over the credit crunch. Weber's comments are the strongest sign yet the ECB may push ahead with higher interest rates once market turbulence abates. At the meeting Thursday, the central bank left its benchmark rate unchanged at 4 percent.The ECB president, Jean-Claude Trichet, said the bank was constantly alert, underscoring its readiness to act once it has waited out the period of uncertainty generated by the sudden tightening ...

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