Winners and losers from the ECB's negative interest rate policy
Seven years ago, the European Central Bank pushed policy rates into negative territory. It has led to substantial redistributive effects within the…
ECB reserve tiering: time for recalibration?
The European Central Bank introduced “tiered” remuneration for bank reserves in October 2019. Since then, bank reserves at the ECB have…
Listen: Negative rate nonsense
Some esteemed economists suggest that the way to solve weak economic growth and "low-flation" is substantially negative interest rates. Here are…
Markets seem to be getting ahead of themselves, as expectations have risen for a move to zero or even negative rates at the Reserve Bank of New…
