ECB monthly meeting is scheduled for this Thursday. Last month was unprecedented. ECB President Mario Draghi made the deposit rates negative for the first time. What this means is that banks will be charging lenders for making the deposit. Something quite unprecedented. This was done to boost spending and fight off the deflationary pressures building… Continue reading European Central Bank Will Take It Easy This Thursday!
Tag: ecb
Banks Find It Hard To Decode Draghi Still Puzzling Over ECB Grand Plan
Banks are finding it hard to decode what Mario Draghi, President of ECB wants to do. Most of the banks are still puzzling over ECB Grand Plan. Four weeks after ECB unveiled its grand plan and lowered the deposit rate for the first time into the negative territory, economists are still puzzling over it. Draghi… Continue reading Banks Find It Hard To Decode Draghi Still Puzzling Over ECB Grand Plan