Can ECB Reduce Dependence on Negative Rates?
Yicai Global
DATE:  Feb 18 2020
/ SOURCE:  yicai
Can ECB Reduce Dependence on Negative Rates? Can ECB Reduce Dependence on Negative Rates?

No.

The European Central Bank will most likely sit tight this year. In September, the ECB said it will cut rates even further below zero, restart quantitative easing, and introduce tiered interest rates to safeguard commercial banks' profits. Most sectors believe that the eurozone's easing monetary policy has reached its limit amid missing fiscal policy and structural reforms. Without structural reforms, the economic region will hardly get rid of its dependency on negative interest rates.

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Keywords:   Prediction 2020