BRIEF-Magnolia Bostad Q1 operating profit slumps to SEK 14 mln
* Q1 OPERATING PROFIT SEK 14 MILLION VERSUS SEK 100 MILLION YEAR AGO Source text for Eikon: Further company coverage: (Gdynia Newsroom)
FRANKFURT Dec 9 Euro zone governments must find ways to support economic growth even when interest rates start rising, a European Central Bank policymaker said on Friday, a day after the ECB reduced the monthly pace of its money-printing programme for the first time.
"One needs to find growth sources which do not depend on monetary policy," ECB Executive Board member Benoit Coeure told French radio channel Europe 1.
"Long-term interest rates will rise again; economic actors need to prepare, especially governments." (Reporting By Francesco Canepa; Editing by Janet Lawrence)
* Deposits up 13% quarter-on-quarter to £9.0b ($11.4b) whilst cost of deposits dropped from 66bp in q4 2016 to 61bp in q1 2017