EXPLAINER-How does negative interest rates policy work?
The European Central Bank
doubled down on its negative rate policy on Thursday, meaning
banks will now have to pay 0.5% interest simply for depositing
much of their spare cash with it – an attempt to make them lend
more to kickstart the economy.
doubled down on its negative rate policy on Thursday, meaning
banks will now have to pay 0.5% interest simply for depositing
much of their spare cash with it – an attempt to make them lend
more to kickstart the economy.
Posted by Reuters
