Why Negative Rates Won’t Work In The Eurozone
- Wednesday, June 4, 2014, 19:53
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The ECB has imposed negative interest rates on funds placed on deposit with it by banks (“excess” reserves). The ECB’s deposit rate has been zero for a long time, and the possibility of the ECB imposing negative rates on reserves has been discussed for nearly as long.
http://www.forbes.com/sites/francescoppola/2014/06/04/why-negative-rates-wont-work-in-the-eurozone/
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