ECB Officials Signal They May Support Raising Interest Rates

European Central Bank policy makers signaled they may support raising interest rates in coming months as the economy recovers and imports fuel price pressures.

“We’re prepared to act decisively and immediately if needed,” ECB Executive Board member Juergen Stark said at an event in Frankfurt tonight. “The objective is pretty clear. In order not to risk un-anchoring inflation expectations, we have to change the monetary policy stance if need be.”