European Central Bank board member Ewald Nowotny told CNBC on Friday that markets overinterpreted President Mario Draghi's recent comments on negative deposit rates.
"Well I think the markets over interpreted this point. Of course, there is always some kind of technical discussion about it but there is no specific plan in that direction. I personally think this is something where one really has to analyze very carefully the effects, side effects, physiological effects so this is not something that is of relevance in the immediate future."
Erkki Liikanen told CNBC on Friday that he agreed with the bank's decision to cut interest rates by 25 basis points and said there was no split on the governing council regarding the decision.