ECB maintains key rates, including negative deposit rate

Global Business

The ECB’s move last month to reduce one of its deposit rates into a negative figure was unprecedented.
The idea was to discourage banks from simply parking their money at the central bank.
It’s slightly improved interbank lending, but it’s a different story for consumer credit.

ECB maintains key rates, including negative deposit rate

ECB maintains key rates, including negative deposit rate

The ECB's move last month to reduce one of its deposit rates into a negative figure was unprecedented. The idea was to discourage banks from simply parking their money at the central bank. It's slightly improved interbank lending, but it's a different story for consumer credit.
Download Video

Jacob Kirkegaard, a Senior Fellow at the Peterson Institute for International Economics, shares his insight on why businesses are not taking full advantage of record low interest rates.

Jacob Kirkegaard on ECB negative deposit rate

Jacob Kirkegaard on ECB negative deposit rate

Jacob Kirkegaard, a Senior Fellow at the Peterson Institute for International Economics, shares his insight on why businesses are not taking full advantage of record low interest rates.
Download Video