Ecb Deposit Rate
Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Wednesday that the ECB’s Pandemic Emergency Purchase Programme (PEPP) is flexible.
Additional takeaways
“Deposit rate cut is one of ECB’s tools.”
The euro foreign exchange reference rates (also known as the ECB reference rates) are published by the ECB at around 16:00 CET. Reference rates for all the official currencies of non-euro area Member States of the European Union and world currencies with the most liquid active spot FX markets are set and published. The ECB aims to ensure that the exchange rates published reflect the market. The ECB/OECD does not take responsibility for any replication of the content of the Software, or any other form of redistribution. 'Euro area statistics' is a service provided by the European Central Bank (ECB) and the National Central Banks (NCBs) of the Eurosystem. You are invited to. Negative Interest Rates Imposed by ECB Force Banks to Turn Away Customer Deposits. Banks in Germany have been telling customers to take their deposits elsewhere as they can no longer sustain the cost of parking money at the ECB, the Wall Street Journal reported Tuesday. The central bank has been imposing negative interest rates.
“The size of the yield moves is not particularly worrisome.”
“ECB looking at conditions beyond government bond yields.”
Ecb Interest Rate History
Market reaction
The shared currency remains on the back foot following these comments and continues to weaken against its major rivals. As of writing, the EUR/USD pair was down 0.32% on the day at 1.2050.