Central bankers in Ottawa

ECB Council member Ernst Welteke, although saying that monetary policy was appropriate for the eurozone at present, warned of the dangers of money being too loose given the lag for effects to be realised.

Saying at a press conference: "When an economy is given more and more money - more than it needs - then you end up with inflation.". Interpretations of this message were confident: "He's telling us `we're done for now'," said Holger Schmieding, an economist at MacroEurope Consulting in London