ECB Updates Estimate of Neutral Rate as Policy Makers Question Its Usefulness
The neutral rate of interest that neither spurs nor slows growth in the eurozone is between 1.75% and 2.25%, according to the European Central Bank.
ECB still has several rate cuts to go before hitting 'neutral' level, paper finds
The European Central Bank may still be several interest rate cuts away from the level where it stops holding back economic growth, it said in a paper on Friday, though it downplayed the significance ...