Flash: ECB ready for negative interest rates - Societe Generale

FXstreet.com (Barcelona) - A summary of views from Societe Generale's European clients suggests that the ECB is ready for negative interest rates. Sebastien Galy, senior FX strategist at the bank, notes that the impact would be clearly negative on the EUR: "Investors do react badly when asked to pay on their own deposits", adding that "European money markets have already adapted to a new world of ultra low rates and are hence far less at risk."