business

ECB may bring down rates further, says Citi

Jurgen Michels, Managing Director, Lead Euro Area Economist and ECB Specialist at Citi said that the ECB offered some positive surprises by bringing down the deposit rate to zero. He believes, this could also pave the way for taking the rates further down, even moving into negative territory at some stage.

first published: Jul 6, 2012 02:46 pm