Natixis: The ECB Will Be Stuck With 0% Rates Forever

The ECB remains a long way off normalising its monetary policy. And Natixis's chief economist believes the central bank has left it too late to raise rates

David Brenchley 25 June, 2018 | 7:11AM

Mario Draghi, European Central Bank, interest rates

The European Central Bank is tightening its monetary policy so late in the economic cycle it is at risk of being “stuck with zero rates for the rest of time”, according to Patrick Artus, chief economist at Natixis.

Outgoing President Mario Draghi last week confirmed the ECB would end its quantitative easing programme by December. However, interest rates, which are currently stuck at -0.4%, will not start moving upwards for at least another year.

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David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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