French Finance Minister Bruno Le Maire voiced his appreciation that ultra-dovish views, like those expressed by President Donald Trump, weren't currently being represented on the board of the ECB.
Trump said earlier this month: "Give me some of that money. I want some of that money," referring to negative rates.
The euro zone is divided over the application of negative interest rates — an unconventional monetary policy tool that aims to boost spending rather than saving.International Monetary Fund Managing Director Christine Lagarde and French Economy Minister Bruno Le Maire chat as they sit for the family picture of the G20 Meeting of Finance Ministers and Central Bank Governors, in Buenos Aires, on March 19, 2018.
His comments Wednesday come as Trump voices support for significant policy easing in the U.S., calling on theto do more. The Fed has cut its main benchmark rate three times this year, but it's still in positive territory. "We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,""Give me some of that," he said. "Give me some of that money. I want some of that money."
France Dernières Nouvelles, France Actualités
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