ECB Considers Pushing Negative Rates Lower; Yellen Might Follow Lead
According to a Reuters report, a consensus is forming at the ECB to drop the interest rate it charges banks in December
The ECB cut its deposit rate to negative 0.2% in September 2014. At that point, it said it couldn’t go any lower. But other central banks in Europe have dropped their rates significantly below the ECB rate. For example, in Sweden, the benchmark interest rate sits at negative 0.35%. The Swiss and Danish central banks have cut all the way to negative 0.75%.
One unnamed ECB governing official told Reuters, “Let’s go for a big cut.”
Краят на еврото чука на вратата!
According to a Reuters report, a consensus is forming at the ECB to drop the interest rate it charges banks in December
The ECB cut its deposit rate to negative 0.2% in September 2014. At that point, it said it couldn’t go any lower. But other central banks in Europe have dropped their rates significantly below the ECB rate. For example, in Sweden, the benchmark interest rate sits at negative 0.35%. The Swiss and Danish central banks have cut all the way to negative 0.75%.
One unnamed ECB governing official told Reuters, “Let’s go for a big cut.”
Краят на еврото чука на вратата!

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