ECB Council Members back rate decision

European Central Bank council members Christian Noyer, Axel Weber, and Klaus Liebscher came out in defense of Thursday's decision to raise eurozone interest rates, saying it won't hurt economic growth.

``This will underpin sustainable growth,'' Noyer said today on Europe 1 radio. ``We're acting on inflation of tomorrow and the day after tomorrow.''

``The ECB risks killing this still incipient recovery,'' said Pervenche Beres, chairwoman of the European Parliament's economic and monetary commit