ECB Nowotny: "There is no reason to discuss changes in interest rates"

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20 April 2012

ECB Nowotny: "There is no reason to discuss changes in interest rates"

- Inflation expectations remain restrained
- Spain and its banking system is no need of help
- Do not see the need for a third three-year operation LTRO
- There is no reason to resume purchases of bonds
- The ECB forecasts on economic growth remain unchanged

European stocks closed in plus: FTSE 100 5,772.15 +27.60 +0.48%, CAC 40 3,188.58 +14.56 +0.46%, DAX 6,750.12 +78.90 +1.18%

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