The Consequences of Draghi and the ECB Setting Negative Nominal Interest Rates in Europe Forbes - Last July, the ECB took unprecedented action for a major central bank and reduced its deposit rate into negative territory. On its face, it is an unconventional idea that lenders should have to pay banks or other borrowers to hold their deposits rather than be paid interest. While central banks have held key interest rates at just above zero percent since 2008 with the aim of stimulating the economy, the ECB’s negative interest rate experiment has already produced some adverse effects such as spurning investors in the money market mutual fund space... forbes/sites/jonhartley/2014/10/02/the-consequences-of-draghi-and-the-ecb-setting-negative-nominal-interest-rates-in-europe/
Posted on: Thu, 02 Oct 2014 10:09:54 +0000
Trending Topics
Recently Viewed Topics
© 2015