Wednesday, September 3, 2014   

(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:
Hang Seng soars by break (16 mins ago)
China's non-manufacturing PMI rebounds in August (1 hr ago)
Australian growth dragged slower by decline in exports (1 hr 6 mins ago)
BOE set to hold rates (1 hr 15 mins ago)
Nikkei up by break (1 hr 29 mins ago)
China fines insurance firms for fee fixing (09-02 19:02)
German new car sales stable in August: data (09-02 18:39)
Hang Seng ends flat, Shanghai soars (09-02 17:54)
Hang Seng dips at midday (09-02 12:11)
Nikkei soars by break (09-02 11:07)

More breaking news >>

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