The European Central Bank's negative interest rate policy is not harming th...
BENGALURU - The European Central Bank’s negative interest rate policy is not harming the euro zone economy but will not succeed in bringing inflation up to the central bank’s target, a Reuters poll of economists found.
More than two-thirds — 30 of 41 — of economists who answered an additional question in the Feb. 10-14 Reuters survey nevertheless said the policy is not doing more harm than good to the euro zone economy. That is despite a subdued outlook for global growth and inflation, a turbulent trade environment, and the outbreak of the coronavirus in China, which is crimping business sentiment worldwide and has clobbered its economy.
The latest Reuters poll again predicted euro zone inflation would average 1.3% this year, unchanged from last month’s estimate, and fall short of the target until at least 2022.
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