Buba's Weber not saying ECB rates are appropriate

Bundesbank president Axel Weber said Tuesday 13 March he would not describe current euro zone interest rates as "appropriate".

"At the moment, I would not want to use this term," he told reporters at a press conference, five days after the ECB raised its interest rates for the seventh time since December 2005.

"I believe that against the background of above-potential growth and clear inflation risks in the medium to longer term, we would not yet give such an assessment," he added.

Weber, who is

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