ECB Can Take Further Action If Necessary: Board Member Asmussen

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ECB Can Take Further Action If Necessary: Board Member Asmussen

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ECB Can Take Further Action If Necessary: Board Member Asmussen

by Wochit 1:00 mins

European Central Bank Executive Board member Joerg Asmussen said the ECB, which cut interest rates to a record low earlier this month, was ready to take further action if necessary and instruments at its disposal included negative deposit rates. The ECB's president, Mario Draghi, raised the possibility after the central bank's last policy-setting meeting of applying negative rates but has since downplayed it.

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