VIENNA, April 5 (Reuters) - The European Central Bank still has room to move on interest rates and liquidity measures, ECB Executive Board Member Gertrude Tumpel-Gugerell said on Sunday.
'There is still room to manoeuvre on interest rates, and there is still room to manoeuvre in our money market operations including either longer maturities or additional securities,' Tumpel-Gugerell said in a talkshow on Austrian state television.
The ECB on Thursday cut its main interest rate to 1.25 percent, a smaller cut than expected. The ECB also disappointed analysts by failing to announce an extension of maximum loan periods to banks or plans to follow other central banks in buying assets, instead promising a decision at its May meeting.
(Reporting by Boris Groendahl) Keywords: ECB/TUMPEL (boris.groendahl@reuters.com; +43 1 53112-258; Reuters Messaging: boris.groendahl.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'There is still room to manoeuvre on interest rates, and there is still room to manoeuvre in our money market operations including either longer maturities or additional securities,' Tumpel-Gugerell said in a talkshow on Austrian state television.
The ECB on Thursday cut its main interest rate to 1.25 percent, a smaller cut than expected. The ECB also disappointed analysts by failing to announce an extension of maximum loan periods to banks or plans to follow other central banks in buying assets, instead promising a decision at its May meeting.
(Reporting by Boris Groendahl) Keywords: ECB/TUMPEL (boris.groendahl@reuters.com; +43 1 53112-258; Reuters Messaging: boris.groendahl.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.