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>> INFLATION Latest News

MAR 22, 2014 - Yahoo! News

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ECB won't use threshold or date-based rate guidance: Constancio

The European Central Bank won't tie interest-rate policy to specific economic milestones, an approach the U.S. Federal Reserve used for just over a year and abandoned this week, a top policymaker said on Saturday. "We think it would not be useful," ECB Vice President Vitor Constancio said on Saturday, without elaborating. The ECB has other tools, including rate cuts, quantitative easing, negative deposit facility rates and targeted liquidity provision operations, if further policy accommodation is needed, he said. At its March policy meeting, the ECB left interest rates on ... Read More

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