ECB's Nowotny dismisses "currency wars" talk

August 20, 2015 12:02 PM

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VIENNA Aug 20 European Central Bank policymaker Ewald Nowotny on Thursday dismissed suggestions that central banks around the world were racing to weaken their currencies to gain an export advantage.

"There is no way of currency wars. I don't see this happening, in any case not in Europe but also don't see this worldwide," he told a panel discussion, adding the ECB was committed to its quantitative easing programme of asset purchases to stimulate the euro zone economy.

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