Weber charts course for ECB rate rise

European Central Bank council member Axel Weber said in an interview published Tuesday 9 May that interest rates need to be increased by at least a quarter point to curb inflation in the eurozone.

``The monetary-policy stance is still very accommodative and some further interest-rate adjustments, at least 25 basis points, are required with regard to the medium-term outlook,'' said Weber, 49, in an interview with Bloomberg in Frankfurt. ``We see certain risks to price stability and they need to