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Wednesday, April 20, 2011

ECB tube Yves Mersch Central Bank interest rate plans unchanged

the European Central Bank (ECB) Board Member Yves Mersch (Yves Mersch) Tuesday (19th), the only mission of maintaining price stability continues to be the European Central Bank.

M, said: "we always set the medium-term price stability as the only mission, the European Central Bank does not plan to change its interest rates. "He pout that, even more serious crisis in banking plan will not change interest rates.

the European Central Bank, on April 7 the benchmark interest rate from a record low of 1% per cent, the interest rate for the first time since July 2008 initiative.

M also said, the European Union (EU) and the International Monetary Fund (IMF) assistance provided to the solvency of the country only. Reference to Spain when the financial situation, Yves Mersch commented, Spain budget deficit lower than other problems in the eurozone countries.