The decision to lower all main rates was adopted at the meeting of Governing Council of European Central Bank (ECB). Thus, interest rate on main refinancing operations in Eurosystem was lowered by 10 basic points and will be 0, 05%.
The interest rate for marginal lending facilities is lowered to the level of 0, 30%. Deposit interest rate, negative rate of which was introduced in June, was additionally lowered and is now - 0,20%.
Changes will be in force since 10th of September, 2014.
Source: http://www.ecb.europa.eu/press/pr/date/2014/html/pr140904.en.html
Negative interest on deposits is very cool! You shall pay for saving your money in the bank!
Decrease of all key rates with simultaneous introduction of difficulties for long-term freeze of assets, supposes to lead to the mass input of this money into economy. Ideally – not into financial bubbles, but into actual sector.
Whether ECB will be able to realize its plans – only the time will tell.
But how to take money at the least interest and make it work here – in the former Soviet republics?
Eurobanks are very careful with lending to Russian or Ukrainian clients.
Bur there is a solution: some banks that have affiliating structure here and also in Europe, give to their clients ability to take money in Europe, and deposit it with interest – in Moscow or in Kiev.
So-called fiduciary deals, even if it sounds peculiar.
So, there is a solution
Yaroslav Lomakin ( Managing Partner, Honest&Bright)
Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk
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