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Noyer Says Not Convinced About Merit of Negative Rates

European Central Bank Governing Council member Christian Noyer said he’s not convinced about the merits of a negative deposit rate as policy makers debate how to revive a moribund euro-area economy.

“We have prepared so that in case of a need we could implement it,” Noyer said in an interview with Bloomberg Television in Paris yesterday. “This is technically very delicate. I’m personally not convinced there’s an interest in doing that.”