Nowotny on Draghi and negative rates: “purple monkey dishwasher”
FT Alphaville » Mario Draghi 2013-08-01
Summary:
From Reuters:
Continue reading: Nowotny on Draghi and negative rates: “purple monkey dishwasher”LONDON, May 3 (Reuters) 13.04 – The euro pared gains while German Bund futures edged up on Friday after European Central Bank policymaker Ewald Nowotny said the central bank was open-minded about taking deposit rates into negative territory.
Nowotny said he was “astonished” by the market’s reaction to his comments earlier in the day, when he said negative deposit rates were not relevant in the near term.
Link:
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