Faster growth may lead to higher rates, says Weber

European Central Bank council member Axel Weber said that the central bank may have to increase interest rates if the eurozone economy expands more quickly than it expects.

``If the economic recovery increasingly takes hold, and at the moment we just expect moderate growth, we expect that our historically low rates will certainly have to be led toward normalization,'' said Weber in an interview late Thursday 13 January in Frankfurt. ``It's necessary to be vigilant and to do everything possible''

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