SpeechThe implications of negative interest rates
Very low interest rates, if sustained over a long period of time, can have cumulative effects on financial intermediation and stability. However, the euro area experience so far has been clearly positive, Executive Board Member Benoît Cœuré tells the Yale Financial Crisis Forum.
SpeechChallenges for European banks
Vice-President Vítor Constâncio reflects on the challenges faced by the banking industry, both at the global and the European level, at a conference in Madrid. European banks in particular have to deal with low profitability, bad loans and overcapacity in the banking sector.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|