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wcoenen
on March 15, 2020
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Fed cuts main interest rate to near zero, to boost...
Same as in the EU where the ECB has a deposit rate of -0.5%. The deposits of banks at the central bank (aka "reserves") shrink over time according to the negative rate.
https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke...
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https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke...