ECB Pulls Out Pea Shooter, Fires, Misses Target
MishTalk
JUNE 5, 2014
The ECB also lowered the benchmark rate from 0.25% to 0.15%. Those counterparties that have not fulfilled certain conditions regarding the volume of their net lending to the real economy will be required to pay back borrowings in September 2016,” Mr Draghi said. The deposit rate in Europe is now negative 0.10%.
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