ECB official says interest rates may have to rise

Christian Noyer suggested the European Central Bank is moving closer to raising interest rates, the International Herald Tribune reported on Tuesday 15 February.

Noyer, a member of the European Central Bank's governing council and its former vice president, said a combination of reviving economic growth and persistently high oil prices could allow for a rise in interest rates in the future.

At the same time, Noyer, who also is governor of the Bank of France, made clear that with inflation expec