Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Asmussen Says He’d Be Cautious to Use Negative ECB Rates

European Central Bank Executive Board member Joerg Asmussen said he has reservations about lowering the deposit rate below zero.

“We studied the instrument -- it is, in theory, available,” Asmussen said in response to questions after a speech in New York. “I, personally, would be very, very cautious to use that one, but I would not exclude it.”

The ECB reduced its main refinancing rate by a quarter of a percentage point to 0.25 percent on Nov. 7, while keeping the overnight deposit rate for lenders who park excess cash at the central bank at zero. Policy makers are considering a smaller-than-normal cut in the deposit rate to minus 0.1 percent if more stimulus is needed to ward off deflation, according to two central-bank officials with knowledge of the debate.

“Our monetary policy remains accommodative as long as needed,” Asmussen said. “We will use, if necessary, all instruments to ensure price stability.”

Asmussen said he sees inflation risks as “broadly balanced to both sides.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.