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ECB's Nowotny dismisses 'currency wars' talk

People walk past a board showing currency exchange rates of the U.S. dollar, euro, British pound and the Japanese yen (top-bottom) against the rouble in Moscow, Russia, in the early hours of June 25, 2015. REUTERS/Sergei Karpukhin

VIENNA (Reuters) - European Central Bank policymaker Ewald Nowotny on Thursday dismissed suggestions that central banks around the world were racing to weaken their currencies to gain an export advantage.

"There is no way of currency wars. I don't see this happening, in any case not in Europe but also don't see this worldwide," he told a panel discussion, adding the ECB was committed to its quantitative easing program of asset purchases to stimulate the euro zone economy.

"There is clearly no signal that we may end this program ahead of the time horizon that we have set," he said.


(Reporting by Shadia Nasralla and Angelika Gruber, Editing by Michael Shields)