ECB Executive Board Member Benoit Coeure said that interest rates will stay at “very low levels”, “far beyond the end of QE.
He said in French radio BFM business:-
- “It is very clear to us that short term interest rates, the ones that are controlled by the central bank, will remain at very low levels, far beyond the horizon of our asset purchases,”
- “Inflation is not quite where we would like it to be,”
- There was no discussion on a first rate hike in mid-2019
