Weber says ECB to weigh Katrina impact

The European Central Bank is watching the economic impact from Hurricane Katrina closely but it is too early to say how it might affect interest rate policy, ECB Governing Council member Axel Weber said in a speech.

"Our experience has shown that if events like that occur, it increases our vigilance, and we analyze and monitor the events carefully. We will have to take these events and potential changes in the economic environment into account in our next decision," he said.

"But as of now, at