Friday, May 29, 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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US jobless claims rise by 7,000 (05-28 20:35)
European equities mixed (05-28 20:33)
Athens stumbles from deadline to deadline, bailout deal lies in the background at G7 meeting (05-28 19:26)
Z-Obee auditor quits, cites ‘significant financial difficulties’ at Chinese mobile handset maker (05-28 18:23)
Britain reports tepid growth in first quarter (05-28 17:49)
Despite founder’s denials, market watchdog says Hanergy under investigation (05-28 17:41)
Hang Seng ends lower (05-28 16:18)
European stocks open lower (05-28 15:31)
China shares plunge, Hang Seng dives 2pc (05-28 15:29)

More breaking news >>

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