Tag: Jozef Makuch

• Thursday, July 12th 2012 - 22:35 UTC

  ECB zero deposit-rate shakes EU banking system and forces to look for alternatives

  

  European Central Bank's new zero deposit rate had an instant impact as it came into force, with banks more than halving the amount of cash parked there overnight and one ECB policymaker saying he expected the move to increase banks' lending.