Combatting the Crunch ECB Plans Negative Rate on Bank Deposits

When it meets on June 6, SPIEGEL has learned, the European Central Bank may implement a negative interest rate for financial institutions seeking to park their money at the Frankfurt powerhouse. The move is aimed at spurring loans.
The European Central Bank's new headquarters (right) and the Frankfurt Financial District (in the distance): Record low interest rates are planned.

The European Central Bank's new headquarters (right) and the Frankfurt Financial District (in the distance): Record low interest rates are planned.

DPA
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