Bank of Spain chief rejects ECB rate criticism

Bank of Spain governor and ECB board member Jaime Caruana denied criticism that current interest rates in Europe represent an obstacle for economic growth, Expansion reported, citing an interview with Caruana.

The Bank of Spain head reiterated that existing interest rate levels are 'adequate.'

'The current economic problems in Europe are due to structural problems and cannot be resolved through the reduction of interest rates,' Caruana said. 'Monetary and financial conditions in the euro zone are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.