• European Central Bank (ECB) Governing Council member François Villeroy de Galhau: there are limits to negative interest rates

Market news

8 June 2016

European Central Bank (ECB) Governing Council member François Villeroy de Galhau: there are limits to negative interest rates

European Central Bank (ECB) Governing Council member François Villeroy de Galhau said on Wednesday that there were limits to negative interest rates.

"Not all unconventional instruments are legitimate. There are limits on how negative interest rates can go," he said.

de Galhau pointed out that helicopter money was not an option.

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