FRANKFURT (Reuters) - The European Central Bank still has a "comfortable margin" before its negative rate on banks' deposits starts hurting their lending to the euro zone economy, ECB director Benoit Coeure said on Monday.
"It seems that so far the negative impact on bank lending has been more than offset by general equilibrium impact," Coeure told an event in Frankfurt
"This may not be true eternally, and this may not be true if we were to push the deposit rate much, much lower, but so far it seems that we still have a comfortable margin."
(Reporting By Francesco Canepa; Editing by Catherine Evans)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app