ECB Lowers Benchmark Interest Rate to 0.050%, Cuts Deposit Facility to Minus 0.200%
This smacks of desperation from Europe's central bank. As I've always maintained; you can't force people to borrow nor banks to lend during an era of deflation. Not even with free money and negative rates.
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- Euro-Zone Deflation Risk Remote, Says ECB
Euro-Zone Deflation Risk Remote, Says ECB, page-99
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