Netherland's Wellink on oil prices

Dutch National Bank president Nout Wellink said on Tuesday 12 October that although the rise in oil prices was not "pleasant" they would not dampen the outlook for economic growth in the eurozone.

Speaking to reporters on the margins of a European Commission conference on the euro, Wellink said the rise was not "pleasant" but added: "It doesn't fundamentally change my view."

He added: "I think it is most remarkable that it hasn't fed through to wages and that is a positive development."

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