ECB rate cut effectiveness limited, still possible if backed by data-Asmussen

WASHINGTON, April 20 Sat Apr 20, 2013 3:49pm EDT

Related Topics

WASHINGTON, April 20 (Reuters) - The European Central Bank could cut interest rates further, if data justified such a move, but the effectiveness of rate cuts is limited because they are not passed on to the economy in the same way in all parts of the euro zone, ECB board member Joerg Asmussen said.

Responding to a question in a panel on the sidelines of the International Monetary Fund annual spring meeting, Asmussen said ECB monetary policy was already very accommodative. The bank's main lending rate is at a record low of 0.75 percent.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.