Bini Smaghi says rate to rise if justified by data

European Central Bank board member Lorenzo Bini Smaghi said on Wednesday 18 January that the ECB will raise its interest rates if new economic data justifies this move.

Speaking in Florence, Bini Smaghi said that each month new information arrives at the ECB, and each month the ECB makes its decision based on the data.

"It is important to have confidence in an institution that assures low inflation," he said.

"If the data confirms reasons for increasing them (rates) we will increase them. If

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

.