Mersch says ECB ready to act when necessary

The European Central Bank has not determined what or when its next move will be, but would act if it felt the need to raise rates again, ECB Governing Council member Yves Mersch told a German newspaper.

"There is no prior agreement. We are free and ready to act if we believe that it is necessary," Mersch, Luxembourg's central bank chief, said in comments to the Financial Times Deutschland released on Wednesday.

"There is a certain neutrality regarding the development. We agree that our monetary

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