ECB may raise rates ahead of schedule

The European Central Bank (ECB) may raise the key interest rate before the end the problems in financial markets. Told a member of the Governing Board of the ECB's Juergen Stark, reports Reuters.

According to Stark, observed in recent trends in macroeconomic indicators suggests that the recession in the euro zone may already completed in the III quarter of this year. However, according to a member of the Governing Council, the ECB will continue to struggle with the acceleration of inflation.

Stark added that too long retention rates at low levels is fraught with negative consequences. According to Stark, low interest rates around the world mean the risk of new "bubbles" in markets and unjustified rise in prices for those or other assets.

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