ECB’s Noyer says lowering rates not priority
TOKYO (Reuters) – A top European Central Bank official on Wednesday pushed back against calls for an ECB interest rate cut, saying ensuring the effective transmission of monetary policy right now was more important for the euro zone than the policy rate. Christian Noyer, a member of the ECB’s Governing Council, also stressed the central bank’s resolve to act forcefully when needed under its bond-buying program to keep bond yields of peripheral euro-zone economies from spiking. . . .
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