ECB: Debates on whether to lower the base rate below 1% harms euro

[RTFX-Trading]

ECB: Debates on whether to lower the base rate below 1% harms euro.

In an interview with Market News International, Nout Wellink suggested that the European Central Bank should discuss the possibility of interest rates being lowered to more than 1%. Axel Weber, a member of the Governing Council, said last week that the 1% interest rate should be a floor.

 

Nicolas Longchamp

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