Insight: ECB drops old philosophy but is short of new options By Paul Carrel FRANKFURT (Reuters) - The European Central Bank's vow last week to keep record-low interest rates "at present or lower levels for an extended period" is a big philosophical shift for a bank that used to insist it would not tie its hands. On the face of it an unprecedented and bold move, such 'forward guidance' is really just formal recognition of what markets expected anyway, and ...
July 8, 2013 - Reuters via Yahoo! News
ECB, abandoning tradition, commits to record low rates By Paul Carrel and Sakari Suoninen FRANKFURT (Reuters) - The European Central Bank broke with precedent by declaring it would keep interest rates at record lows for an extended period and may yet cut further, responding to turbulence caused by the U.S. Federal Reserve's exit plan from money-printing. Less than two hours after the Bank of England gave a steer about future interest rate moves, ECB ...
July 4, 2013 - Reuters via Yahoo! News
ECB holds rates as euro crisis threatens to return By Paul Carrel and Sakari Suoninen FRANKFURT (Reuters) - The European Central Bank left interest rates unchanged on Thursday and will try to reassure investors rattled by new turmoil in Europe and the ...
July 4, 2013 - Reuters via Yahoo! Finance
Norman Shumway in StreetInsider.com (subscription) In 2004, Dr. Lower's long time research and surgical partner, Dr. Norman Shumway called him "the greatest experimental surgeon since Alexis Carrel," and further stated, "He gave us unequivocal evidence that transplantation would work."