ECB's Welteke, Garganas dash rate cut hopes

European Central Bank council members Ernst Welteke and Nikos Garganas said eurozone interest rates were low enough. Garganas told Bloomberg News, "monetary policy has certainly done its part to create the conditions for a resumption of growth".

Source: Bloomberg

European Central Bank council members Ernst Welteke and Nikos Garganas said interest rates in the 12- state euro region are low enough to revive economic growth, damping expectations for lower borrowing costs later this year.

``Monetar

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: