News Headline Summary

ECB's Praet says little manoeuvring room on interest rates; and ECB looking very much at economic signals

Says:
- ECB technically ready for negative deposit rate but must weigh effects.
- ECB could narrow the corridor between its official interest rates.
- Praet open to reviewing Greek collateral rules after aid decision.

Reaction details (17:27)

- No movement is seen across asset classes following these comments as they are in-fitting with comments from Praet's ECB peers.

Analysis details (17:28)

- At the end of last week, following the ECB press conference, ECB sources said a majority of officials were in favour of a rate cut, and a negative deposit rate was possible.

11 Dec 2012 - 17:23 - Fixed Income Bank Speaker - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: