European Central Bank Vice President Vitor Constancio: negative interest rates are positive for banks

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10 June 2016

European Central Bank Vice President Vitor Constancio: negative interest rates are positive for banks

The European Central Bank (ECB) Vice President Vitor Constancio said on Friday that negative interest rates were positive for banks, but added that there were some negative side effects. He also said that the central bank's monetary easing could pose risks to the financial stability.

European Central Bank Governing Council member Jens Weidmann: the ECB’s low-interest-rate policy for a longer period could lead to a sudden hike in risk premiums

Before the bell: S&P futures -0.74%, NASDAQ futures -0.84%

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