No set course for rates says ECB's Noyer

Bank of France governor Christian Noyer said on Tuesday 16 May that the European Central Bank has not decided on a predetermined direction for eurozone interest rates and will consider the economic data.

'The ECB has not committed itself to a precise path for rates. It continues to closely monitor price developments and its actions will be based on the constant observation of economic developments,' he said at a news conference to present the Bank of France's annual report.

He said inflation re