SpeechAssessing the potential of Digital Base Money
Should central banks provide Digital Base Money (DBM) to non-banks? What would this look like? The starting point is a careful analysis of the potential formats of DBM, says Executive Board member Yves Mersch, underlining the importance of safety, efficiency, technological neutrality and freedom of choice for users.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|