12 July 2004, 13:03  Span's Solbess sees no immediate rate hike

Spanish Economy Minister Pedro Solbes said on Monday he did not see an immediate risk of a euro zone interest rate rise driven by inflation and cautioned against "alarmist" views that an increase was near. "As inflation in Europe rises, there is a greater risk of a rise in rates, but I don't have the feeling that that is the situation at the moment," Solbes told reporters. "I get the feeling people are making alarmist suggestions about interest rates and I believe we should not be alarmist."|||

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