ECB's Coeure: Will not take deposit rate to 'absurdly low levels'

ECB's Coeure says policy interventions are undoubtedly having an impact on market functioning today, adding that the ECB will not take deposit rate to 'absurdly low levels', Bloomberg reports.

Headlines

ecb's coeure says our ongoing monitoring so far does not suggest impairments to the price discovery process

ecb's coeure says the transition to negative rates has happened smoothly in both capital and money markets

ecb's coeure says we now have proof that market functioning below zero does not imply different logics and mechanisms

ecb's coeure says possible adverse effects of negative rates on general trading activities seem to have been limited

ecb's coeure says high frequency electronic trading can raise barriers