Crisis, Draghi, the ECB intervenes size to 0.3 percent the rate on bank deposits – BBC

Monetary policy

Milan , December 3, 2015 – 14:08

     
     
 

Switch from -0.2% to a new record low of -0.3 % rate on deposits overtime or the cost – in lieu of remuneration – that the banks of the euro area have to bear to ‘park’ overnight liquidity at the central bank. Further monetary policy measures – says a statement from the central bank – will be announced at the press conference of 14.30.
Stable instead 0.05%, the same level now as in September 2014, the ECB reference on funding major, repurchase agreements to seven days in which the banking system can finance itself in weekly central bank.
Confirmed finally to 0.3% reference on overnight loans.

Soon more measures

After cutting the deposit rate,” further monetary policy measures will be announced by the President of the ECB at a press conference starts at 14.30 ” . This was communicated by the ECB in a press nota.Il ECB rate reaches the end of the Monetary Policy Council, while at 14.30 has place the customary press conference of President Mario Draghi. Meanwhile, the euro soared to the highest seat, up to $ 1.0740 for a gain of more than 1% against the US currency, after the ECB announced the cut on deposits to 0.30%, a cut lower than expected by the market.

3 December 2015 (Amendment 3 December 2015 | 14:41)

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