Spanish Banking Association
Condiciones monetarias y riesgos
José Luis Martínez Campuzano, Portavoz de la Asociación Española de Banca

Negative interest rates at the eurozone

Regarding the ECB's monetary policy, José Luis Martínez Campuzano, spokesman for the Spanish banking Association (AEB), points out that the expansive monetary measures, which have been so necessary to overcome the crisis, are already being questioned.

The risks are increasing compared to benefits. The way out of this situation is to achieve a combination of policies that boost demand through fiscal measures and favor potential growth with structural reforms.

  • According to José Luis Martínez Campuzano, eliminating negative interest rates would release monetary policy from current pressure, favor its progressive return to normal and strengthening its effectiveness.

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