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Monday, May 13
The ECB's Ignazio Visco revives the discussion of negative deposit rates after Ewald Nowotny...
The ECB's Ignazio Visco revives the discussion of negative deposit rates after Ewald Nowotny sought to dismiss the notion as largely out of the realm of near-term possibilities earlier this month. Visco tells CNBC that the ECB is "technically prepared" to institute the policy and goes so far as to say that in his opinion, "the economy is now capable of taking it on board." In the wake of the ECB's most recent policy meeting, Mario Draghi said he has an "open mind" to the policy, a statement which sent the euro (FXE) tumbling.