ECB's de Guindos raises bar for further rate cuts-Market News

Reuters  | Wed, Oct 9, 2019


BERLIN/FRANKFURT (Reuters) - The European Central Bank’s vice-president on Wednesday raised the bar on further interest rate cuts, saying the side effects of the ECB’s easy money policy were becoming more tangible.

In an interview with Market News, Luis de Guindos also ruled out a “policy U-turn” under the ECB’s incoming president Christine Lagarde and weighed in on a public spat among policymakers on last month’s decision to resume a 2.6 trillion euro bond-buying program.

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