Germany's CEI - Further ECB rate cuts unnecessary

GERMANY - There's no need for the European Central Bank to cut interest rates any further in coming weeks, the head of Germany's Center for European Integration Studies said.

So long as monetary growth remains sufficient to accompany the economic recovery that should begin in the second quarter next year, any further rate cuts would only risk more inflation, said Juergen von Hagen, head of the economic research institute.

"With the slowdown of the euro economy, the immediate risks to price

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