Sunday, April 19, 2015

ECB loans and deposits through 2011

From the VOX EU. The poitn here is that the so called raising of interest rates by the EU in 2011 was nothing. By 2011, borrowing from the ECB bank was essentially zilch, the .5 hike in interest rates was bluster. Look at excess deposits, they did go way up in May 2011. Was that a result of the raise in deposit rates?

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