Buba's Weber signals ECB rate hikes

Bundesbank president Axel Weber signalled Wednesday 28 February in a speech that the European Central Bank was set to further raise its key interest rates, which are already at a five-year high point.

"The euro zone economy is on a solid and stable course of growth which no longer needs an accommodative monetary policy," said Weber, who as head of the German central bank votes on the ECB's decision-making governing council.

"We must therefore withdraw the stimulation that monetary policy is pro

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