ECB, Wunsch sees long-term rates at 2%, stop negative rates by the end of the year

Over a longer period of time, the ECB could raise eurozone rates between 1.5% and 2%. This was stated by Pierre Wunsch, governor of the Nationale Bank van België / Banque Nationale de Belgique, the central bank of Belgium.

In an interview with Knack Magazine, a Dutch-language weekly, the banker member of the Governing Council of the ECB stated that the central bank has practically hit the target on inflation (equal to 2%), adding that he believes that the rate on deposits, currently at -0.5%, will be raised to zero by the end of this year.