GECO 21-1 The announcements of this December 3rd are worrying. The European Central Bank reduced its deposit rate from -0.20% to -0.30%. In doing so, it discourages short-term deposits of banks that are too happy to use its balance sheet to ensure a total capital weighting. But she needs bank deposits to finance her massive … “The European Central Bank perpetuates negative interest rates and plays with fire”
