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ECB Cuts By 10 Bps, Sends Deposit Rate Further Into Negative Territory
09-04-2014, 03:29 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.05%, starting from the operation to be settled on 10 September 2014.

•The interest rate on the marginal lending facility will be decreased by 10 basis points to 0.30%, with effect from 10 September 2014.

•The interest rate on the deposit facility will be decreased by 10 basis points to -0.20%, with effect from 10 September 2014.

https://www.ecb.europa.eu/press/pr/date/...04.en.html

Unflippin real gaah.gif
09-04-2014, 03:39 PM #2
Octo Mother Superior
Posts:42,992 Threads:1,473 Joined:Feb 2011
İmage

yup.gif

Good morning Shadow hug.gif
09-04-2014, 03:57 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
chuckle.gif Hej Poodlicious hug.gif
09-04-2014, 04:50 PM #4
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
coffeetime.gif

It appears TPTB want people to prop up the markets.

Biere.
09-04-2014, 05:37 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
(09-04-2014, 04:50 PM)yankees Wrote:  coffeetime.gif

It appears TPTB want people to prop up the markets.

They will be more than happy to take your cash.

wonder.gif
09-04-2014, 05:42 PM #6
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
My Mother sold her place on the lake in July. I told her about the 2013 Cdn budget that makes bail-ins law for "systemically important" banks. Canada is going to get Cyprused. So is the US. I told her to break up her account into 5 or more, I hope she listens or the banks will take her entire life's work.



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