16 September 2005, 16:35 ECB Mersch: Core inflation moving upwards in recent weeks
Luxembourg Central Bank Governor Yves Mersch said Friday that euro-zone interest rates may be too low for Luxembourg's economy.
Mersch noted that potential output in Luxembourg is higher than in other euro-zone member states.
"You could say in a purely national environment, interest rates would have to be higher," he said at a seminar on Basel II.
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