BNB's Quaden says further ECB rate rises likely

Belgian National Bank governor Guy Quaden, who is a member of the European Central Bank's governing council, told Le Soir another rise in eurozone interest rates cannot be ruled out.

"A further rise cannot be ruled out," Quaden said in an interview with Belgian daily Le Soir.

Quaden also said the central bank is likely to increase its Belgian growth forecasts for 2006 in December.

"At the beginning of June, the forecast of the national bank for this year was for growth of around 2.5 pct," he said.

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