ECB's Nagel: Negative interest rates are a thing of the past

Bundesbank head and European Central Bank (ECB) governing council member Joachim Nagel said on Friday that negative interest rates are a thing of the past, reported Reuters. In response to a question about whether the ECB might entertain a 50 bps rate hike in July, Nagel said that it is important to raise rates, with the rest to be discussed by the governing council.