Issing: ECB will act on money supply if necessary

European Central Bank chief economist Otmar Issing said in an interview that high liquidity in the eurozone has not yet proved a sufficient reason for the ECB to raise interest rates, but it will act if money supply growth starts to fuel inflation.

"We have tried to explain why this is not a reason to react automatically. We have so far seen no reason to raise our interest rates due to monetary developments," Issing said in an interview with Frankfurter Allgemeine Zeitung.

"We have clearly poin