Reuters: Regulatory News: Forward guidance on rates, QE not easy for ECB - Asmusssen

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Forward guidance on rates, QE not easy for ECB - Asmusssen Apr 25th 2013, 08:25 LONDON, April 25 | Thu Apr 25, 2013 4:25am EDT LONDON, April 25 (Reuters) - Providing forward guidance on future interest rates of the type of large scale asset purchases being used by other major central banks would not be easy to apply in the euro zone, one of the ECB's top policymakers said on Thursday. "Large scale asset purchase programmes targetted at capital markets would not be very helpful in the euro area," ECB Executive Board member Joerg Asmussen said at an Economist banking conference. "Policies like forward guidance (on interest rates) or quantitative easing which aim to push down the risk free rate are not easily applicable," he added

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