Thursday February 20, 2020

Central Banks may take step into zero-rate era

The ECB and the Bank of England may drive global monetary policy deeper into the world of zero interest rates and unorthodox methods today.

5th July, 2012
ECB headquarters in Frankfurt.

The European Central Bank and the Bank of England may drive global monetary policy deeper into the world of zero interest rates and unorthodox methods today as they seek to stimulate their flagging economies.

The ECB will take its benchmark interest rate below 1 per cent for the first time, cutting it by a quarter percentage point to a record low of 0.75 per cent, and reduce its deposit rate to zero, according to a...

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