Friday, December 19, 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:
BOC Aviation adds two more Boeing jets to earlier order spree (1 hr 12 mins ago)
Nikkei finishes higher (1 hr 33 mins ago)
Hang Seng jumps at noon (2 hrs 56 mins ago)
BoJ strikes more upbeat view on economy, holds off fresh measures (12-19 12:16)
China total GDP revised up 3.4% in 2013: govt (12-19 11:26)
Nikkei up by break (12-19 11:17)
UK retail sales surge thanks to 'Black Friday' (12-18 18:31)
Cautious Japanese firms holding record assets: BoJ (12-18 17:24)
German business confidence grows in December (12-18 17:23)
Swiss central bank introduces negative interest rate (12-18 17:03)

More breaking news >>

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