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Reuters: European Central Bank may push interest rates more negative
ECB Rate Setters Converge on December Deposit Rate Cut
By Paul Taylor and Balazs Koranyi
Reuters
Monday, November 9, 2015
A consensus is forming at the European Central Bank to take the interest rate it charges banks to park money deeper into negative territory in December, four governing council members said, a move that could weaken the euro and push up inflation.
Some argue that a deposit rate cut should even be larger than the 0.1 percent reduction currently expected in financial markets, the policymakers said.
They are keen to exhaust the conventional and more direct monetary policy tool as they also consider amending the 60-billion-euro asset purchase program, a far more contentious issue that they have yet to agree on. ...
... For the remainder of the report:
http://www.reuters.com/article/2015/11/09/us-ecb-policy-idUSKCN0SY1FI201...
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