Economy of the European Union Latest News: ECB's Noyer Says Forward Guidance in Line With Mandate

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Economy of the European Union Latest News: ECB's Noyer Says Forward Guidance in Line With Mandate

Economy of the European Union Latest News: ECB's Noyer Says Forward Guidance in Line With Mandate
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Economy of the European Union Latest News: ECB's Noyer Says Forward Guidance in Line With Mandate

by Wochit 0:51 mins

ECB policymaker Christian Noyer said the European Central Bank's decision to break with precedent by declaring it would keep interest rates at record lows for an extended period is fully in line with its mandate. 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 Portugal's financial markets went into a nosedive as the government teetered on the brink of collapse, alarming investors and reigniting concerns about the eurozone's strategy for dealing with its prolonged financial crisis.

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