You are here

Low rates are here to stay, ECB tells bankers

Central bank urged to consider impact of negative interest rates on banking system's profitability
Wednesday, October 5, 2016 - 05:50


THE European Central Bank (ECB) is set to keep its interest rates low until it gets inflation back to its target, its chief economist said on Tuesday, arguing it was not up to the institution to shore up meagre bank profits.

Banks have complained that ultra-low ECB rates are

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom