ECB's Coeure: Negative interest rates are not the biggest problem

The European Central Bank (ECB) Governing Council member Benoit Coeure was on the wires last minutes, noting that the negative interest rates are not the biggest problem while hitting back at the financial institutions, as they urge the ECB to ease up on the negative rates.

Key Headlines:

Banks should rather focus on costs instead.

Doesn't see any monetary policy reason for tiered interest rates.

But says that need to watch this issue closely.

Economic growth will return in 2H 2019 if trade conflict is resolved.