Buba's Weber says rates may have to rise

Bundesbank President Axel Weber said in an interview published Monday 29 January a further increase in euro zone interest rates may well be needed, if German wages increase steeply.

In an interview with Die Welt newspaper on the sidelines of the Davos economic summit, Weber said: "If the next round of wage bargaining results in levels that are too high and one that puts price stability at risk, further increases in interest rates could be necessary."

He told Die Welt that in the past few years

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