ALERT: ECB to STEAL Money from Accounts!

Thursday, November 21, 2013
By Paul Martin

Investmentwatchblog.com
November 21st, 2013

Description:
ECB’s Praet: All Options on Table

Central Bank Could Adopt Negative Deposit Rate, Asset Purchases If Needed

The European Central Bank could adopt negative interest rates or purchase assets from banks if needed to lift inflation closer to its target, a top ECB official said, rebutting concerns that the central bank is running out of tools or is unwilling to use them.

“If our mandate is at risk we are going to take all the measures that we think we should take to fulfill that mandate. That’s a very clear signal,”

A negative ECB deposit rate is “one of last quivers they can draw from for weapons to combat sluggish economic growth,”

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