ECB's Caruana expects moderate rate rise

European Central Bank Governing Council Member Jaime Caruana echoed comments from some other ECB officials on Thursday 24 November when he said he expects a "moderate" rise in eurozone interest rates.

"We will meet in a week and make a decision," Caruana said at a budgetary meeting at the Spanish Senate.

Caruana said that the interest rate hike would be good for the Spanish economy, which suffers from one of the euro zone's highest rates of consumer and housing price inflation.

Nonetheless, C