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ECB's Bini Smaghi Warns of Unintended Results from Excessively Low Rates

Frankfurt - European Central Bank member Lorenzo Bini Smaghi warned that excessively low rates could have unintended consequences and that he does not believe it is always a good idea to err on the side of excessive easing.Be careful to avoid overshooting and cutting rates to too low levels, Bini Smaghi said in a speech delivered Friday at the University of Ancona, in Italy. The central banker added that rates at zero percent could lead to substantial problems

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Australian Dollar Rallies After RBA Holds Rates

The Australian dollar is rallying against majors following the unexpected decision by the Reserve Bank of Australia to leave rates unchanged at its monetary policy meeting.The RBA held rates at 3.25% against expectations for a 25 basis point cut, citing stable domestic economic conditions.Jacqueline Douglas, strategist with TD Securities, said that since the announcement, the Aussie has robbed the USD of a lot of bullish momentum that was building up yesterday and initially overnight. The Aussie

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Belarussian Ruble converter (BYR - BELARUS)

Belarussian Ruble converter (BYR - BELARUS) will convert Belarussian Ruble in any currency you want. Change BYR

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Currency converter

Currency converter allows you to make the conversion between two currencies (calculated with the exchange rate)

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UAE Dirham / Indian Rupee converter (UNITED ARAB EMIRATES / BHUTAN, INDIA)

UAE Dirham / Indian Rupee converter (AED / INR) will convert the currency of UNITED ARAB EMIRATES in currency of BHUTAN, INDIA with the actual exchange rate.

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Surinam Dollar converter (SRD - SURINAME)

Surinam Dollar converter (SRD - SURINAME) will convert Surinam Dollar in any currency you want. Change SRD

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Rand / Pula converter (LESOTHO, NAMIBIA, SOUTH AFRICA / BOTSWANA)

Rand / Pula converter (ZAR / BWP) will convert the currency of LESOTHO, NAMIBIA, SOUTH AFRICA in currency of BOTSWANA with the actual exchange rate.

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New Turkish Lira / UAE Dirham converter (TURKEY / UNITED ARAB EMIRATES)

New Turkish Lira / UAE Dirham converter (TRY / AED) will convert the currency of TURKEY in currency of UNITED ARAB EMIRATES with the actual exchange rate.

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