European Central Bank Executive Board member Joerg Asmussen said on Tuesday that the European Central Bank (ECB) has not reached the so-called "lower bound" on interest rates.
In a similar vein, in an interview published with the German newspaper Neue Osnabruecker Zeitung, Asmussen refused to rule out the possibility of negative deposit rates.
He added that the ECB's actions will depend on incoming inflation data for the Eurozone.
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In a similar vein, in an interview published with the German newspaper Neue Osnabruecker Zeitung, Asmussen refused to rule out the possibility of negative deposit rates.
He added that the ECB's actions will depend on incoming inflation data for the Eurozone.
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