ECB's De Cos: Prolonged period of low interest rates could threaten financial stability

Haresh Menghani FXStreet

The European Central Bank (ECB) Governing Council member, Pablo Hernandez de Cos was out with some comments in the last hour and said that lower interest rates for a prolonged period could spur risk-taking and threaten financial stability.

Additional quotes:

• Maintaining low-interest rates could also hurt banking transmission channels of our monetary policy.
• September stimulus package is to support reaching inflation objective.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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