Banking Latest News: Draghi Says Rates Will Remain Low for Extended Period

Wochit
European Central Bank President Mario Draghi said That the Bank policy will keep interest rates at current or lower levels for an extended period of time, giving financial markets the clearest guidance to date about future rates The European Central Bank left interest rates unchanged and will try to reassure investors rattled by new turmoil in Europe and the U.S. Federal Reserve's plans to begin winding up its stimulus. Switzerland's cabinet agreed to a new plan for resolving disputes between the country's banks and U.S. authorities cracking down on offshore tax evasion, raising hopes the long-running dispute could be drawing to a close.
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