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ECB's Coeure: Negative rates not main policy instrument

Mar. 30, 2016 3:20 AM ETBy: Yoel Minkoff, SA News Editor2 Comments
  • Negative interest rates are not the European Central Bank's main instrument and it still has a wide range of policy tools, despite suggestions it is running out of options, ECB Executive Board Member Benoit Coeure told Politico in an interview.
  • However, the bank is not contemplating "helicopter money," or directly providing cash to consumers to boost consumption as such a scheme risks crossing the line between monetary and fiscal policies.

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