Draghi: The ECB is "operationally prepared" for negative interest rates. The bank's deposit...
Draghi: The ECB is "operationally prepared" for negative interest rates. The bank's deposit facility currently yields 0.0%. As for the benchmark refinancing rate (now at 0.75%), Draghi says a cut was discussed. It sounds like the ECB is waiting for a couple of soft CPI prints to give it an excuse for cutting. The euro is sliding now, -0.3% to $1.3031.
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