Sunday 15, June 2014 by Matthew Amlôt

QNB: ECB monetary stimulus may avoid Eurozone deflation

The European Central Bank (ECB) announced a package of monetary stimulus measures. The package includes lowering the deposit rate to -0.1 per cent—the first time that the ECB will charge commercial banks for depositing excess reserves at the central bank. It also included a new program to provide banks with cheap funding to encourage lending to the real economy.

Features & Analyses