Combatting the Crunch: ECB Plans Negative Rate on Bank Deposits
SPIEGEL ONLINE - International - Euro Crisis 2014-05-19
Summary:
When it meets on June 6, SPIEGEL has learned, the European Central Bank may implement a negative interest rate for financial institutions seeking to park their money at the Frankfurt powerhouse. The move is aimed at spurring loans.
Link:
http://www.spiegel.de/international/business/ecb-plans-negative-rate-on-bank-deposits-a-970186.html#ref=rssFrom feeds:
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