The German economy is unlikely to grow before the second half of the next year, European Central Bank Governing Council member Axel Weber said Monday.

In an interview with German newspaper Franfurter Allgemeine, Weber said the ECB is likely to face enormous challenge to avoid the materialization of inflation risks after the crisis due to the presence of high liquidity in the financial system.

Further, he said cutting the bank's main rate to 1% from the current 1.25% is warranted as the economy is expected to slow further.

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