Quotes from the news wire:
By exempting a significant chunk of bank deposits from the negative deposit rate and making its offer of long-term liquidity for banks even more generous, the ECB is mitigating the impact of a negative deposit rate on bank balance sheets, by lowering funding costs further, it can make it easier for governments to finance a modest fiscal expansion and nudge countries with some extra fiscal space to actually use it – think Germany.
Found on Reuters 5 years ago
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