- Analytics
- News and Tools
- Market News
- European Central Bank Executive Board member Peter Praet: the central bank could cut its interest rate further into negative territory
European Central Bank Executive Board member Peter Praet: the central bank could cut its interest rate further into negative territory
The European Central Bank (ECB) Executive Board member Peter Praet said in an interview to the Italian newspaper La Repubblica on Friday that the central bank could cut its interest rate further into negative territory if risks to the outlook rise.
"If new negative shocks should worsen the outlook or if financing conditions should not adjust in the direction and to the extent that is necessary to boost the economy and inflation, a rate reduction remains in our armoury," he said.
Praet noted that it was the right decision to expand stimulus measures.
"What we have got at the end makes sense from an economic point of view," he said.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
