Buba's Weber says ECB 'very accommodative'

Bundesbank president Axel Weber said on Friday 23 June that the European Central Bank's monetary policy remains very accommodative despite the June 8 interest rate increase.

Speaking at an economic forum, Weber also said it would be appropriate for the ECB to continue withdrawing its stimulative monetary policy.

Weber said the June 8 tightening move by the ECB was "appropriate" and added: "The monetary policy of the Eurosystem remains very accommodative even after that."

"Therefore, it is approp