Seeking Alpha

ECB goes negative

  • The ECB cuts its benchmark refinancing rate to 0.15% from 0.25%, and its deposit rate to -0.10% from 0.00%. The rate on the bank's marginal lending facility is cut to 0.40% from 0.75%.
  • Mario Draghi's press conference begins at 8:30 ET.
  • Further policy measures are to be communicated in a 9:30 ET press release.
Comments (3)
  • june1234
    , contributor
    Comments (2573) | Send Message
     
    Keeping your cash under the mattress is cheaper
    5 Jun, 08:27 AM Reply Like
  • samuraitrader
    , contributor
    Comments (872) | Send Message
     
    your cash aint nothin but trash
    5 Jun, 08:31 AM Reply Like
  • canb888
    , contributor
    Comments (298) | Send Message
     
    Draghi is Robin Hood in reverse.
    5 Jun, 09:14 AM Reply Like
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