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Why We Are Here => Economics & Investing => Topic started by: Mackin USA on September 05, 2019, 09:38:47 AM

Title: EU Bank Bosses Warn Of "Grave Consequences" If ECB Keeps Cutting Rates
Post by: Mackin USA on September 05, 2019, 09:38:47 AM

The ECB's imposition of negative interest rates have created an "absurd situation" in which banks don't want to hold deposits, rages UBS CEO Sergio Ermotti, arguing that this policy is hurting social systems and savings rates.

https://www.zerohedge.com/news/2019-09-04/eu-bank-bosses-warn-grave-consequences-if-ecb-keeps-cutting-rates