Bundesbank calm over oil price surge

Bundesbank president Axel Weber said on Tuesday 25 May that he was not overly worried about surging oil prices, and he indicated that a cut in interest rates by the ECB to help boost eurozone growth was not likely for the time being.

The current level of oil prices "does not represent a danger" either to the scenario of a gradual recovery of the eurozone economy or in terms of inflation, Weber told a news conference in Frankfurt.

Nevertheless, oil prices did constitute a risk factor and it

To continue reading...

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 indvidual account here: