ECB's Welteke sees no reason to cut rates

In a television interview European Central Bank council member Ernst Welteke said "I see no need to act at the moment" on interest rates, theoretically we have room for manoeuvre. He also said "there are a few signs of improvement, you certainly can't say that the turnaround has been achieved".

Source: Bloomberg

European Central Bank council member Ernst Welteke said there's no reason to lower borrowing costs for now because three interest rate cuts in the past eight months should be enough to