Mersch - ECB to raise rates if growth as expected

European Central Bank monetary policy remains accommodative and should be tightened further if the eurozone economy grows as expected, ECB Governing Council member Yves Mersch said on Thursday 7 September.

Monetary policy needed to ensure inflation expectations remained well anchored, Mersch said, presenting a bulletin from the Central Bank of Luxembourg that largely echoed the ECB's recent economic analysis.

"Monetary policy in the Eurosystem still remains accommodative. A progressive adjustm