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Draghi Stays Firm on Low ECB Rates

  • Aired: 1/8/2013
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Synopsis >

(ROUGH CUT - No reporter narration) European Central Bank President Mario Draghi said on Monday that higher interest rates are not warranted now, reiterating his statement from last week that ECB rates will stay at record lows for an extended period. On Saturday, two senior ECB policymakers said the bank's decision to break with tradition by giving 'forward guidance' was in line with its mandate, playing down the degree of shift in policy announced by Draghi last Thursday.

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