ECB's Issing sees overheating risks

Eurozone housing markets are at risk of overheating and strong money and credit growth is a danger to price stability, European Central Bank chief economist Otmar Issing said in a newspaper interview.

Speaking to the Irish Times, Issing said the ECB had no set timetable for raising interest rates and no preconception of how high or low rates could go.

But in the interview he made it clear the ECB is still concerned about inflation risks, comments which will bolster market and analyst expectati

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