ECB watching for unwanted side effects of negative rates - Lane
Share:
NEW YORK (Reuters) - European Central Bank chief economist Philip Lane defended his bank's experiment with negative interest rates on Friday but said he was aware of the risks and the ECB was watching for unwanted side effects.The ECB has kept its key rate in negative territory since 2014 and markets do not expect them back above zero for years to come as inflation remains anaemic and growth is below what is considered the bloc's potential. "We are alert to the possibility that there may be a..