Comments by ECB chief economist, Philip Lane, in an interview
He touched on a couple of key issues in the interview (though hardly anything pressing) and here's some of the remarks if you're interested:
Rates:"We should view this as a temporary measure. The negative interest rate allows more spending by firms, more spending by households. By allowing the European economy to grow more quickly when the economy has recovered then the interest rate will turn positive again. So, not forever but for a while".
Inflation:"It's still not yet at the objective level. So, we continue to have a lot of accommodation and we have said that if there's further negative shocks, we can do more".
Brexit:"This cannot go on forever. I think everyone is indicating we need to come to a conclusion and once that conclusion is reached - especially if there is a reasonable negotiation, a reasonable outcome - then uncertainty will be reduced and that can be good news. On the other hand, if it's a no-deal Brexit that will cause more disruption".
The full interview can be found here.
