Welteke says risks to economic growth are high

Bundesbank chief Ernst Welteke implied the ECB may be close to easing interest rates. Speaking in Stockholm he said that the euro zone economy had risks on the downside and that low growth posed more of a threat than inflation.

Ernst Welteke, council member of the European Central Bank (ECB), said that risks are higher to economic growth than to inflation in 12 EMU countries, where the euro is used, Reuters reported.

His statement suggests that the bank is ready to decrease borrowing costs: the

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