Worthy Christian News » European Central Bank Imposes Negative Interest Rate (Video)

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Worthy Christian News » European Central Bank Imposes Negative Interest Rate (Video)

(BBC / Worthy News)– The European Central Bank has introduced a raft of measures aimed at stimulating the eurozone economy, including negative interest rates and cheap long-term loans to banks.

It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money.

The ECB also cut its benchmark interest rate to 0.15% from 0.25%.

The ECB is the first major central bank to introduce negative interest rates.

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