Market Currents
Maybe no longer taboo at the ECB would be cutting its benchmark deposit rate to zero or even...
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Wednesday, June 27, 2012, 8:00 AM ETMaybe no longer taboo at the ECB would be cutting its benchmark deposit rate to zero or even negative. Not yet during the crisis has the central bank cuts its overnight lending rate to below 1%, partly because it didn't want to also slash the deposit rate for fear of hurting money markets and bank profits even further.
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