Weber says no plan for ECB rate increase

Although the Federal Reserve recently raised US interest rates, the European Central Bank does not see a change in eurozone interest rates in the foreseeable future, ECB Governing Council member and Bundesbank president Axel Weber said Tuesday 6 July.

He said in a speech in Frankfurt that the 2pc interest rate in the eurozone is appropriate. "We do not have a bias and are not aiming for a rate change in the foreseeable future. The ECB had no information at present which indicated it should cha