ECB's Quaden sees interesting debate on M3 goal

European Central Bank governing council member Guy Quaden said on Tuesday he could live with deviations from the bank's reference value for M3 money supply growth. "If there are good reasons it's always possible to accept some limited deviation," Quaden told reporters following a speech to a business group.

The ECB is due to discuss raising its M3 reference value to five percent from 4.5% at its next policy meeting on Thursday. "We will have a very interesting discussion on M3, but I don't know

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