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ECB policymaker hints at scope for further rate cuts

The European Central Bank's monetary easing has not yet reached a point at which it is doing more harm than good to the eurozone economy, says Pablo Hernandez de Cos, a member of the ECB's governing council. "Evidence suggests that we have not yet reached the reversal rate, but if rates remain negative for long, this may end up hampering bank-based monetary transmission," the policymaker said.

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