Glos says ECB rate hike clear signal for price stability

BERLIN (Reuters) - The European Central Bank's decision to raise interest rates sends a "clear signal for price stability", German Economy Minister Michael Glos said on Thursday.

"Growth and jobs can only be secured in the long-term on the basis of stable prices," Glos said in a statement.

"The best contribution a central bank can make toward achieving these goals is a credible monetary policy oriented toward stability," he added.

The ECB raised interest rates for the first time in over a year on Thursday, taking rates to 4.25 percent from 4 percent.

(Reporting by Gernot Heller, writing by Iain Rogers)