Ireland's Hurley supports ECB rate rise

Ireland's central bank governor John Hurley has defended the ECB's quarter point rate hike last week, saying it will dampen the threat of inflation across the eurozone.

Mr Hurley also downplayed speculation of a series of interest rate hikes, saying no decision had been taken on such a move.

Speaking at the opening of a seminar aimed at improving access to ECB data and statistics, Mr Hurley said the decision to increase interest rates was taken against the background of the risks to price stabi