ECB's Weber sees inflation risks

Bundesbank president and ECB governing council member, Axel Weber, told reporters at a news conference on 8 November that risks to price stability have increased in the eurozone in recent weeks, primarily due to a rebound in economic growth, soaring oil prices and ample liquidity.

Weber said a reduction in oil prices is "not foreseeable" and added that the ECB must remain "vigilant" about inflation threats in the eurozone. The ECB would not be affected by criticism from the eurozone finance mi