The Coming Deflation & Economic Collapse: Youth Unemployment Rates Are Terrible Everywhere! ECB Said To Consider Negative Deposit Rate, Fed Plans To Regulations To Counter Bank Runs And May Have To Start Charging Depositors
Investmentwatchblog.com
November 24th, 2013
ECB Said to Consider Minus 0.1 Percent Deposit Rate
The European Central Bank is considering a smaller-than-normal cut in the deposit rate if officials decide to take it negative for the first time, according to two people with knowledge of the debate.
Policy makers would reduce the rate for commercial lenders who park excess cash at the ECB to minus 0.1 percent from zero, said the people who asked not to be identified because the talks aren’t public. It would be the first time the central bank has adjusted interest rates by less than a quarter of a percentage point. The concept, which has been discussed by Governing Council members, doesn’t yet have a consensus, the people said.
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