Low inflation means the European Central Bank plans to keep interest rates at current low levels or may even cut them further, ECB Executive Board member Benoit Coeure said on Saturday. With euro zone inflation running at 0.7 percent, well below its target of just under 2 percent, a raft of ECB speakers have said this week that the bank is open to taking fresh measures after a surprise rate cut to a record low of 0.25 percent earlier this month. "We have said that in the view of the subdued outlook for inflation we expect interest rates to remain at current or lower levels for an extended period of time," Coeure ... (full story)