ECB to keep floor under market rates but with eye on demand | Reuters News Agency
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Economy
29 February 2024, 12:59 pm 1 minute
Reuters exclusively reported that the European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity they want.
Market Impact
The ECB is reviewing how it steers short-term interest rates in a new era in which inflation is higher and the massive amount of cash pumped into the banking system via stimulus programmes over the last decade is no longer needed and even creates some unwanted side-effects.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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