ECB's Mersch: The longer the measures are in place, the less effective they may become

ECB's Board Member Yves Mersch is hitting the wires, via Reuters, stating that the longer they keep rates low, the stronger the side effects of the central bank's measures will be.

Key headlines (via Reuters):

• We see price stability objective at risk, we must act
• Keeping a very close eye on the effects that the low or negative interest rate environment has on banks, insurers and savers