Welteke suggests ECB rates may be cut soon

A member of the European Central Bank's governing council suggested in comments published Friday that the bank could cut interest rates by as much as half a percentage point next week, more than a year after it last made a change.

"If we see no negative aspects for price developments in the middle term, we could possibly make an interest rate move," Ernst Welteke, who is also the head of Germany's central bank, the Bundesbank, was quoted as saying in the Handelsblatt business daily.

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