"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."