Buba's Weber says ECB rates appropriate

The current level of interest rates in the 12-country euro zone is 'appropriate,' Bundesbank chief Axel Weber said Wednesday 15 June.

'Central bank rates in the euro area are historically low and monetary conditions are generous,' the Bundesbank chief said. Current economic data for the 12 countries that share the euro were 'mixed', justifying the ECB's 'wait-and-see' stance on rates, Weber said.

'We have no bias' with regard to the direction in which interest rates were moving, he said. 'And I

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.