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

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: