World Business News

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The ECB’s new interest rate policy – what does it all mean?

Zone(s): Europe ¦ Sector(s): Finance, Banking
[6 June 2014, CITY A.M.] The European Central Bank has taken the bold decision to push the deposit rate from zero to minus 0.1 per cent, essentially meaning that Eurozone banks must pay the central bank to make deposits there.

But what does this decision from ECB president Mario Draghi mean for everyone?

To find out, read the full story at:
www.cityam.com/article/1402018084/ecb-s-new-interest-rate-policy-what-does-it-all-mean