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Asmussen: Banking Union Is Urgent Priority

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Asmussen: Banking Union Is Urgent Priority
AIRED:
The European Central Bank's guidance on interest rates staying at record lows extends beyond 12 months, and the bank could yet pursue other measures to shore up the euro zone, ECB policymaker Joerg Asmussen said on Tuesday. Abandoning its traditional policy of never pre-committing on future rates, the ECB said last Thursday it would keep its interest rates at present or lower levels for an "extended period" - its first use of so-called forward guidance.moreless
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