Saturday July 4, 2020

ECB's rate cut 'could hurt SMEs'

Small and medium-sized businesses could lose competitive advantage to large companies as a result of the ECB's decision to cut borrowing and deposit rates.

7th July, 2012

Small and medium-sized businesses in Ireland could lose competitive advantage to large companies as a result of the European Central Bank's decision to cut borrowing and deposit rates last week.

The ECB's move to drop interest rates to a record low of 0.75 per cent - while reducing overnight deposit rates to zero - is likely to push capital into the corporate debt markets as investors search for yield. This will bring down corporate bond...

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