The European Central Bank’s (ECB) board of directors is mulling further cuts in interest rates in the future. According to March’s minutes, which were made public board members were considering the move, if it was deemed necessary to support the Eurozone economy. According to an excerpt of the minutes ECB members believe there were ‘faint indicators’ that negative rates were adversely affecting bank profitability. Interest rates are one the ECB’s main tools, according to the minutes.