Negative Rates Not Needed in US for Now—ECB’s Constancio

Reuters, April 14, 2016. All Rights Reserved.

Negative deposit rates are not required as a monetary fix for the United States at the moment, in contrast with the euro zone, which is struggling with deflation risk, a top European Central Bank official said on Wednesday.

The U.S. economy, while far from robust, has been growing at a steady pace, and has seen some improvement in price growth since hitting a post-crisis low earlier this year.

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