Weber said that despite six rises in the past 14 months, rates were still
‘relatively low’ on a historical basis.
He was also concerned about inflation and the need to tackle economic risks.
Rates currently stand at 3.5%, their highest level in five years.
Most economists are predicting that the cash rate will rise by another
quarter-point to 3.75% when finance ministers next meet.
This call is despite figures published on Wednesday which showed a downward
revision in January’s
eurozone inflation from 1.9%
to 1.8%, below the ECB’s 2% target.