European Central Bank (ECB) executive board member Sabine Lautenschlaeger speaking with a German newspaper (the weekly Welt am Sonntag)
- it would be wrong for the ECB to abruptly change direction.
- "That would help neither the economy nor price stability ... I am very much in favor of normalizing monetary policy. That also means that we should gradually raise interest rates. The pre-condition is that the path to price stability is sustainably strengthened"
The bulk of the interview concerned regulation, just a snippet on monetary policy
via Reuters over the weekend
