ECB's Constancio says no decision on negative rates

(Source: Reuters)

The European Central Bank (ECB)'s Vitor Constancio has said that no decision has yet been taken on negative deposit rates. He added that while the ECB is logistically ready for them, there are potential risks to their implementation.

Constancio said that the ECB is monitoring the speed of decrease in inflation "quite closely" and that the situation remains fragile due to weak growth.