ECB hints at tiered deposit rates, more QE

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By Tyler Davies
25 Jul 2019

Members of the European Central Bank’s governing council appeared to be laying the groundwork on Thursday for a tiered system of interest rate charges on bank deposits and an expanded asset purchase programme.

This month’s meeting of the ECB’s governing council had been hotly anticipated.

Analysts had broadly expected that the central bank would leave its main interest rates on hold and leave the door open to a rate cut later in the year.

The ECB delivered exactly this, ...

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