ECB’s Noyer: Make EFSF more flexible, no hurry to raise rates

He wants the EFSF enlarged and made more flexible, according to an interview with the WSJ.

As well, he says the market should not rush to price in a rate hike.

Bank of France Governor Christian Noyer, who sits on the ECB’s governing council, also said in an interview with The Wall Street Journal that the recent rise in euro-zone inflation should prove temporary, indicating that the ECB isn’t in a rush to raise interest rates despite its tough anti-inflation rhetoric.

UPDATE: Also on the wires are comments from the ECB’s Quaden saying the ECB will monitor inflation monthly and will act if necessary. The ECB will respect its mandate, he says.