Ecb's Praet says We are Mindful of Potential Adverse Implications for Bank Profitability, We Do Not See Those Implications Outweighing the Benefits for the Economy at This Stage

Ecb's Praet says This Requires a Common Strategy to Complete and Improve the Institutional Set up of Monetary Union

Ecb's Praet says  the Negative Interest Rate Policy Reinforces the Effectiveness of Our Measures in Pushing down the Longer End of the Yield Curve

Ecb's Praet says  the Presence of a Binding Lower Bound on Monetary Policy Rates Drives a Wedge Between Actual Market Rates and the Rate Path That Investors Consider Most Likely

Ecb's Praet says This Has the Potential to Undermine the Effectiveness of Monetary Policy