ECB's Bini Smaghi sees further policy tightening

European Central Bank executive committee member Lorenzo Bini Smaghi said in an interview published Sunday 6 August that he sees further increases in euro zone interest rates in the next months.

In an interview in Il Sole 24 Ore Sunday, Bini Smaghi said the ECB's recent acceleration in rate hikes was due to the higher than expected increase in economic growth in first half of the year.

"Also after the increase decided last Thursday, you can't deny that the current level -- 3 pct -- represents a