ECB Ready To Cut Rates And Push Banks Into Lending To Boost Euro Zone Economy - Presented by: The Aol. On Network

The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation. At its meeting on Thursday, ECB policymakers may also launch a loan programme for banks with strings attached to make sure the money actually gets out into the euro zone economy.



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