ECB’s Panetta: It is not blasphemy that rates could go below neutral levels

Earlier today, ECB Panetta said that the ECB should move toward neutral and perhaps go below that level into an expansionary policy.

He is out now saying that:

• It is not blasphemy that rates could go below neutral levels.

Panetta said that forthcoming changes to US government adds uncertainty to inflation outlook.

This article was written by Greg Michalowski at www.forexlive.com.