September 27, 2019 / 1:57 PM / 5 months ago

ECB's Lane sees no limit yet to further rate cuts

FILE PHOTO: Philip Lane speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne

NEW YORK (Reuters) - The European Central Bank is not yet approaching the limit to how far it can cut its deposit rate without hurting lending or triggering a dash to cash, the ECB’s chief economist Philip Lane said on Friday.

“We’ve seen more negative rates elsewhere so I don’t particularly think there’s a technical limit yet,” Lane told a Reuters event in New York.

Reporting By Howard Schneider and Jonelle Marte; Writing by Francesco Canepa in Frankfurt; Editing by Alison Williams

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