ECB’s Weber Says Inflation Risks ‘Could Well Move to Upside’
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European Central Bank council member Axel Weber said the economic outlook in the euro area has improved markedly and inflation risks could increase.
“The economic outlook has brightened considerably,” Weber, who heads Germany’s Bundesbank, said in a speech in Vallendar today. “Risks to the medium-term outlook for inflation, which are so far still broadly balanced, could well move to the upside.”