BRUSSELS: The European Central Bank’s( ECB) new guidance on how long it’ll keep interest rates at record lows is too far-reaching because it doesn’t sufficiently account for trade-offs that officials may have to consider, according to Belgian policy maker Pierre Wunsch.“ My concern is that we can’t credibly commit, which is the reason for my dissent, ” Wunsch said in an interview.“ I don’t know whether it will be proportionate to still have negative rates in three, four, five or seven years.” Th
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2021-07-26 00:00:00.0