ECB's Weber says pressure on prices remains
"I believe that in the current economic climate, we cannot give the all-clear sign in terms of monetary policy," Weber said in the interview.
"I don't think that in the current economic environment we can give the all-clear on monetary policy," the Bundesbank president was quoted as saying. "Inflation risks exist in the medium term and we must act against them."
"Taking all these risks together there is the potential that it could lead to higher volatility on financial markets," he said.
"We do not know, for example, how some of the derivative instruments behave in a less favourable financial environment."
"We have to closely monitor the medium-term risks to prices, and act when warranted."
"The growth environment and the medium-term prospects for economic development are absolutely positive at the moment," Weber said.
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