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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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Philippine Peso converter (PHP - PHILIPPINES)

Philippine Peso converter (PHP - PHILIPPINES) will convert Philippine Peso in any currency you want. Change PHP

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Pound Sterling / Philippine Peso converter (UNITED KINGDOM / PHILIPPINES)

Pound Sterling / Philippine Peso converter (GBP / PHP) will convert the currency of UNITED KINGDOM in currency of PHILIPPINES with the actual exchange rate.

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Philippine Peso / Yen converter (PHILIPPINES / JAPAN)

Philippine Peso / Yen converter (PHP / JPY) will convert the currency of PHILIPPINES in currency of JAPAN with the actual exchange rate.

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Saudi Riyal / Philippine Peso converter (SAUDI ARABIA / PHILIPPINES)

Saudi Riyal / Philippine Peso converter (SAR / PHP) will convert the currency of SAUDI ARABIA in currency of PHILIPPINES with the actual exchange rate.

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UAE Dirham / Philippine Peso converter (UNITED ARAB EMIRATES / PHILIPPINES)

UAE Dirham / Philippine Peso converter (AED / PHP) will convert the currency of UNITED ARAB EMIRATES in currency of PHILIPPINES with the actual exchange rate.

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