10 May 2006, 15:45  Buba Weber: Rates Must Rise At Least 25 BPs

Deutsche Bundesbank President Axel Weber said Wednesday that euro-zone interest rates need to rise by at least another 25 basis points in an interview with Bloomberg news agency. "The monetary policy stance is still very accommodative and some further interest rate adjustments, at least 25 basis points, are required with regard to the medium-term outlook," Weber, who is also a member of the European Central Bank's governing council, is quoted as saying.

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