ECB’s Coeure: Negative rates have been effective, but ‘cannot last too long’

Additional headlines crossed the wires from the ECB governing council member Benoit Coeure, via Reuters, as he delivered comments on the monetary policy program at an event in Paris today.

Main Points:

Economic actors must prepare for an environment with higher rates

Hopes that EZ govt realise that rates won’t stay at current level

Negative rates have been effective, but ‘cannot last too long’