RESEARCHMonetary policy and household inequality
There has been an ongoing debate on the distributional effects of monetary policy on households’ income, wealth and consumption. A new discussion paper finds that the ECB’s monetary policy measures since 2014 have reduced inequality in the four largest euro area economies.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|