The European Central Bank is studying options to lower the charge that banks pay...
FRANKFURT - The European Central Bank is studying options to lower the charge that banks pay on some of their excess cash as a possible way to offset the side-effects of its ultra-easy policy, two sources told Reuters.
Negative interest rates effectively mean banks pay the ECB to park their excess liquidity safely with it overnight. On the other hand, movements in financial markets suggest investors have already priced out a deposit rate hike for almost another two years.
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