As shown by these examples, there is sufficient room for further monetary easing in the “negative interest rate” dimension. If deemed necessary, the Bank will cut the interest rate further into negative territory.
We must not forget that this process has required many decades and continuous political support. Why, in the last 50 years, did economic integration face fewer obstacles and actually keep in motion the process of European integration? The main reason is that, from the outset, economic integration removed barriers and thereby secured material and economic benefits.