InfoAnda - Eurozone interest rates won't go to zero: ECB chief

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Japan protests after Chinese plane flies over disputed isles | | 13 December 2012
Harris Associates lifts stake in Olympus above five percent | | 19 July 2012
Request to revisit Rambus rulings likely: lawyer | | 4 June 2011

U.N. will help, but not discuss, Afghan peace talks | | 25 October 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Eurozone interest rates won't go to zero: ECB chief

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Eurozone interest rates won't go to zero: ECB chief AFP - 1 hour 8 minutes ago TOKYO (AFP) - - European Central Bank president Jean-Claude Trichet has confirmed that interest rates in the eurozone would not be reduced to zero and rejected suggestions of a rift at the bank. ADVERTISEMENT "This zero rate policy would not be appropriate in our own case," he told a news conference in Tokyo. The ECB earlier this month lowered its key lending rate by a quarter point to a record low 1.25 percent and Trichet said at the time that a further "measured" reduction was possible. The US and Japanese central banks have lowered their main lending rates to virtually zero, while the Bank of England has slashed official borrowing costs to a record-low 0.5 percent to fight a deepening recession. The ECB has disappointed some investors who wanted deeper interest rate cuts to revive the ailing eurozone economies. Trichet reiterated that the ECB would unveil new unorthodox measures to tackle the economic downturn when its governing council meets next month. "We have a rendezvous May 7 and we will decide on further non-standard measures," he said. The ECB chief noted that the bank had already adopted new tools such as providing commercial banks with unlimited amounts of cash at fixed interest rates. The ECB has so far been reluctant to follow the example of its counterparts in Japan, the US and Britain, which have programmes to buy corporate bonds aimed at bringing down market interest rates. Some ECB officials, such as vice president Lucas Papademos, have suggested the bank could follow its peers in buying corporate bonds to ease credit market tensions, fanning talk of a split between policymakers. Trichet, however, brushed aside such suggestions. "There is no split in the governing council. We have a very, very united governing council," he told reporters. "I would warn you against over-interpretation of what is being said by my colleagues." Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Enlarge Photo European Central Bank president Jean-Claude Trichet is pictured speaking to press in Tokyo. Trichet has confirmed that interest rates in the eurozone would not be reduced to zero and rejected suggestions of a rift at the bank. Most Popular – Top Stories Viewed Mummies found in ancient Egypt burial chamber 'Dracula bandit' gets 20-yr jail sentence Police nab Norwegian pair during high-speed sex Nokia reports 90% drop in net profit French warship detains pirates, US urges action View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 18 April 2009
Arab peace plan as part of Palestinian state push: U.S. | International |
U.S. ends Zimbabwe travel warning, sanctions stay | International |
G8 farm ministers plot world food strategy | International |
Text for U.N. racism meeting approved | International |
Intel, Google results don't light investors' fires | Technology |
Videogames sales rebound seen despite setback | Technology |
Heidi Klum pregnant with fourth child | Entertainment |
Actors union and Hollywood producers reach deal | Entertainment |
Accused Tyra Banks stalker on trial in New York | Entertainment |
Playboy names University of Miami top U.S. party school | Entertainment |
Race car driver Castroneves acquitted in tax trial | Entertainment |
More aid needed for struggling Pakistan: Holbrooke | International |
China's Wen says key currency countries need watching | International |
China plans $10 bln ASEAN infrastructure fund | International |
Red Cross hostage in Philippines walks free | International |
Eurozone interest rates won't go to zero: ECB chief
North Korea seeks rare talks with South on factory park | International |
Britain's MI5 seeking real 'Q'
China coal mine warehouse blast kills at least 18 | International |
Ailing Citigroup returns to profit after heavy losses
Accused Colombia FARC rebels extradited to U.S. | International |
GM needs $5 bln more government aid 'soon'
Bolivia aims to untangle plot to kill Morales | International |
Citigroup posts $1.6 bln net profit
Court finds The Pirate Bay founders guilty
Obama shields CIA officers over US 'torture'
Germany starts bid to nationalise Hypo Real Estate
US environment agency deems CO2 a health risk
New pollution limits seen for cars, big plants
U.S. cybersecurity review done, heads to Obama soon | Technology |
Sony Ericsson says Android phone to take time
Beyonce announces U.S. tour dates | Entertainment |
Drew Barrymore terrified of Grey Gardens role | Entertainment |
Ashton Kutcher vs. CNN leaves Oprah atwitter | Entertainment |
Yusuf Islam's past, present in harmony on new album | Entertainment |
Director Kevin Smith to play Carnegie Hall | Entertainment |
China's premier says economy better than expected
Vietnam reduces taxes to push up demand: govt
Tori Amos explores rules of attraction on Sin | Entertainment |
Pakistani c.bank buys 56.2 bln rupees of T-bills
China sets up 10 bln dlr fund for SE Asia: Wen
Director Kevin Smith to play Carnegie Hall
Vietnam announces stimulus plan to help farmers
Actors union relents in tentative studio deal
China hauls US to WTO over poultry
Producers, actors in 'tentative' labor deal
China looks to farmers to boost economy
Actors union and Hollywood producers reach deal
Taiwan's economy to contract 3.59% in 2009: think tank
New rules, market for Vietnam unlisted firms: officials
Sony Ericsson to cut 2,000 jobs after losses
Congress weighs far-reaching global warming bill
Iran sentences US reporter to 8 years in jail
Obama to convene cabinet to cut gov't spending
Wanted: Computer hackers ... to help government
Top CIA officials enforced waterboarding policy
CIA interrogators inflated suspect's importance
US environment agency deems CO2 a health risk
Obama and US critic Chavez shake hands at summit
Obama names first US chief technology officer
US military deaths in Afghanistan region at 606
U.S. cybersecurity review done, heads to Obama soon
US videogame sales slump in March
US military deaths in Iraq war at 4,274
Stockholm court jails The Pirate Bay founders for a year
US military ponders options to combat piracy
Intel, Google results don't light investors' fires
Videogames sales rebound seen despite setback
Oprah makes Twitter debut with SHOUT out to fans
Private equity firms win battle for bankrupt Polaroid
Extremist websites offer intelligence 'gold mine': experts
Germany bids to block child porn sites
Toshiba to raise $5 bln: reports
Searchers seek bodies after Indonesia plane crash
US envoy leads Indonesia's Earth Day celebration
Indonesia detains Afghans trying to reach Australia
Small plane carrying 9 crashes in Indonesia
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01