SpeechStability, equity and monetary policy
Mario Draghi, President of the ECB, talks about why interest rates are low and what the implications are. He looks at the distributional effects of monetary policy, calling it socially progressive because it helps to boost consumption and investment, and thus to create jobs.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|