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German BDI industry body sees no quick change in ECB monetary policy

Reuters

BERLIN (Reuters) - Markus Kerber, managing director of Germany's BDI industry association, said on Tuesday he did not expect a swift change in the European Central Bank's monetary policy, adding that an increase in the inflation rate was no reason for a shift.

The current inflation indicators alone "are not yet, in my view, a sufficient pointer to a change in European interest rates," Kerber told a news conference.

A pick-up in inflation, both in Germany and the euro zone, has prompted fresh calls from German economists for the ECB to raise interest rates and scale back its monetary stimulus.

(Reporting by Gernot Heller; Writing by Madeline Chambers; Editing by Andrea Shalal)

 

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