Luxembourg's Mersch indicates unchanged ECB rate

European Central Bank Governing Council member and Luxembourg central bank president Yves Mersch indicated in an interview the ECB will keep its key rates unchanged despite higher oil prices.

In an interview with AFX News partner dpa-AFX, Mersch said: "Interest rate policy is appropriate given the existing environment."

He said the ECB will continue a "policy of keeping a steady hand".

However, Mersch did not rule out the possibility that interest rates could go up next year.

Asked if ECB observe

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