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ECB not immune to lower inflation, growth-Solbes

Thu, Oct 2 2008, 15:01 GMT
http://www.afxnews.com

MADRID, Oct 2 (Reuters) - The European Central Bank (ECB) will take into account lower euro zone inflation risks and easing growth, Spanish Economy Minister Pedro Solbes said on Thursday, when asked if he saw chances of interest rate cuts.

Solbes saw clear signs medium term euro zone inflation expectations were falling, and this would have an impact on monetary policy decision making.

"ECB officials are not immune to economic developments and I'm sure that this is also an element they will take into account," Solbes said during an economic seminar in Madrid sponsored by Spain's ABC newspaper and the Deloitte consultancy.

(Reporting by Andrew Hay and Manuel Maria Ruiz;) Keywords: ECB/SOLBES

tf.TFN-Europe_newsdesk@thomsonreuters.com

cmr

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