ECB's Weidmann Says Rate Increase Possible on Inflation

European Central Bank Governing Council member Jens Weidmann said the ECB should raise interest rates if needed to curb inflation.

The ECB’s forward guidance to keep rates at current levels or lower for an extended period of time “shouldn’t exclude that the benchmark rates will be raised in the future if inflation pressure becomes apparent,” Weidmann said in a speech in Munich today. “This is no historic change.”