Noyer says ECB rate rise was necessary for prices

Bank of France governor Christian Noyer speaking on French radio on Friday 6 October defended the European Central Bank's decision to raise interest rates, saying it was necessary to curb inflation.

"Interest rates are extremely low," said Noyer, speaking on French radio, "If they had been left so low, there was a risk of inflation developing, not immediately, but over the medium-term".

Noyer said rising prices would dent the euro-zone potential for economic growth and job creation.

"We are demo

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