I don't quite understand that move . . does it simply mean that retail banks won't have money on deposit with the ECB? what odds will that make?The negative interest rates on the deposit side is the bigger story . .
I don't quite understand that move . . does it simply mean that retail banks won't have money on deposit with the ECB? what odds will that make?
It could lead to a fall in the Euro though which might be what the ECB realy want.