ECB's Mersch says rates 'perfectly appropriate'
``The current interest rates are perfectly appropriate for the euro system,'' Mersch, 55, said in an interview at the central bank in Luxembourg, which he heads.
The increase in the cost of oil is ``certainly an evolution that's unwelcome if it proves to be entrenched,'' Mersch said. ``It has to be observed. How will this exogenous event
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