News Headline Summary

ECB's Draghi says exchange rate is not policy target but important for growth and price stability

Says:
- Risks surrounding Eurozone economic outlook on the downside.
- Inflation expected to fall below 2% in near term.
- Appreciation of EUR exchange rate marks downside inflation risks.
- Inflationary pressure should remain contained over policy relevant horizon.
- Long period of low rates may fuel asset bubbles.

18 Feb 2013 - 14:39 - - Source: Newswires

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