Friday, February 27, 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:
Nikkei climbs at break (59 mins ago)
Nasdaq continues march towards 5,000 (1 hr 8 mins ago)
US January inflation eases (1 hr 13 mins ago)
Japan’s factories humming (1 hr 15 mins ago)
Hang Seng, Shanghai flat (1 hr 42 mins ago)
RBS names new chairman (02-26 19:32)
RBS handed out £421m bonus pot amid mounting losses, scales back Asia operations (02-26 19:28)
China's inflation may rebound in February (02-26 18:39)
India pours US$137b into rail overhaul (02-26 17:54)
German jobless numbers decline (02-26 17:28)

More breaking news >>

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