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ECB's Constancio: Clear limits to use of neg rates as policy

Vitor Constancio is Vice-President of the European Central Bank, speaking in NY:

  • There are clear limits to the use of negative deposit facility rates as a policy instrument
  • Monetary policy can only be one element of an encompassing policy mix
  • Other policy domains, both at national and European level, have to step up to their responsibilities

Via Reuters

EUR not doing a real lot since winding down in the NY afternoon.

Constancio following behind the Big D (Constancio is the one not wearing a skirt)

Full text of his speech is here: International headwinds and the effectiveness of Monetary Policy

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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