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ECB, Guindos: 'the time for negative rates is over, uncertainty high'

2023-03-26T10:24:13.301Z


The vice president of the ECB believes that the time of negative interest rates is over, and adds that the high uncertainty now derives from the financial problems in the USA and in Switzerland (ANSA)


"My personal view is that

the period of negative interest rates is over

, at least in the medium term. We are going through a period of very high uncertainty."

This was stated by the vice president of the ECB, Luis de Guindos, in an interview with the Business Post reported on the ECB website.

After the 50 basis point hike in March, he explained, "there is now this added element of uncertainty stemming from the financial sector problems in the US and Switzerland. And we will adopt an approach where decisions are made meeting by meeting. Not we preemptively commit to no action." 

Source: ansa

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