Arab Today, arab today german finance ministry \expects ecb rates to rise\
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

German finance ministry \'expects ECB rates to rise\'

Arab Today, arab today

Arab Today, arab today German finance ministry \'expects ECB rates to rise\'

Berlin - AFP

Experts at the German finance ministry expect the European Central Bank to raise key interest rates soon due to the economy picking up, a German news weekly said on Sunday, citing an internal document. With the eurozone debt crisis increasingly fading and an improving economy, "an active contribution to the overcoming of the low interest policy is to be expected" from the ECB, Spiegel quoted the ministry document as saying. That will lead to Germany having to pay more for its loans in a year's time than it currently does, according to the experts at Finance Minister Wolfgang Schaeuble's ministry. The ECB has held its key interest rates at an all-time low of 0.25 percent since November and analysts do not expect a cut by the Frankfurt-based bank at its meeting this week.

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