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