Commodity Trade Mantra

Posts Tagged ‘Deposit Rate’

What are Negative Interest Rates and how do they work?

The ECB has cut its headline interest rate to a new record low of 0.15%, and also imposed negative interest rates of -0.1% on Eurozone banks with the hope that this will encourage the banks to stop hoarding money, and instead lend more to each other, to consumers, and to businesses, in turn boosting the broader economy.

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