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29.04.2016 22:16

European Central Bank Executive Board member Peter Praet: there is a limit in lowering interest rates

The European Central Bank (ECB) Executive Board member Peter Praet said in an interview with the Spanish newspaper Expansión on Friday that there was a limit in lowering interest rates.

"It's clear that negative rates cannot be reduced indefinitely to ever lower levels," he said.

He added that the central bank would only cut its interest rate further if the inflation outlook worsened significantly.

"I don't think we're going to see these conditions materialising in the near future," Praet noted.

He also said that the banking union was needed, and the recent central bank's measures needed more time to show the effect.

Praet pointed out that the ECB did not discuss helicopter money.

29.04.2016 22:45

WSE: Session Results

Market focus

  • UK gross domestic product (GDP) grew by 0.4% in the three months to October
  • In December, the sentix overall index for the economy in Euro Area falls for the 4th time in a row to -0.3
  • St. Louis Fed Chief James Bullard Suggests Fed Hold Rates Steady
  • Fed's Brainard: Gradual Rate Increases Still Appropriate 'In the Near Term'
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