Dutch Finance Minister Says Ecb Rate Too Accomodative

[Realistbear]

http://freeserve.advfn.com/news_ECOFIN-Zal...l_14957993.html

ECOFIN Zalm says expects ECB to raise rates to more neutral level

VIENNA (AFX) - Dutch Finance Minister Gerrit Zalm said he expects the

European Central Bank to raise interest rates to a more neutral level as the

euro zone economy recovers.

Zalm told a news briefing that the present level of ECB rates "is not

considered as neutral by anyone".

"I would expect rates to go to a more neutral level as the economy

recovers," he said.

Its a case of the ECB moving now or waiting until forced to do so by the Japanese tightening policies.