ECB’s Villeroy: Negative rates are an effective policy tool
|The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said on Thursday, the negative interest rates are an effective policy tool.
He added that the banks, however, should not pass negative rates to households and firms.
Market reaction
On the dovish comments from the ECB policymaker Villeroy, EUR/USD challenges daily lows below 1.1000.
The spot is down 0.06% at 1.0996, with lows hit at 1.0992.
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