Tuesday, August 26, 2008

The Toll of Oil

Energy prices have taken a toll,in the view of Axel Weber,Deutsche Bundesbank President.There's little monetary policy can do about the price rises.The medium term is clouded by inflation risks that we simply have to take care of,said Mr.Weber,relaxing in a royal blue shirt.We really don't see a credit crunch,but weaker credit growth,he added.

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