ECB's Weber says inflation risks increased

European Central Bank council member Axel Weber said inflation risks have increased since the ECB's June 2 meeting after oil prices rose to a record and the euro fell.

``The risks to price levels have risen slightly since our last decision, especially because of developments on the oil market, but also because of developments in the exchange rate,'' Weber said in an interview yesterday evening in Frankfurt. The ECB yesterday kept its benchmark rate at a six-decade low 2 percent.

The ECB hasn't

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