ECB's Weber signals little support for cuts

Inflation fears could undermine prospects of lower eurozone interest rates, Axel Weber, the president of the Bundesbank and a member of the ECB's Governing Council, indicated.

August figures released for the eurozone on Friday are expected to show a slight fall in inflation, to 3.8% or 3.9% from July's record 4%, reflecting weaker energy prices. Germany, the largest eurozone economy, has already announced a 0.2% drop in its monthly inflation figures for this month.

But officials remain concer

To continue reading...