Saturday, November 28, 2015   

(ECB Update1) Exchange rate ‘not a policy target’
(04-03 21:26)

The European Central Bank takes exchange rates into account when setting interest rates, but does not have a firm target for the euro-dollar, president Mario Draghi said today in Frankfurt, Germany.
“The exchange rate is very important for price stability,'' but it is “not a policy target,'' Draghi told a news conference after the ECB's regular monthly policy-setting meeting.—AFP
Other Business breaking news:
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Skin care drug prices rocketed by 401pc since 2009, US study finds (11-27 16:48)
High flying Brazil banker held in Petrobras graft scandal (11-27 16:38)
Hang Seng tumbles at close (11-27 16:33)
Nikkei closes lower (11-27 16:31)
China stocks dive over broker investigations (11-27 15:06)
Japan's jobless rate at 20-year low, consumer spending drops (11-27 12:49)
HK, China stocks drop at mid day (11-27 12:25)
Global airlines industry predicts China’s emergence as largest travel market (11-27 12:22)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)

More breaking news >>

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