Negative ECB deposit rate had limited effects – Bundesbank paper

ecb-hq-flags
The European Central Bank, Frankfurt
Annabel Jeffery

A working paper published by the Deutsche Bundesbank studies the effects of the deposit facility rate on eurozone banks’ portfolio management

In Do conventional monetary policy instruments matter in unconventional times? Manuel Buchholz, Kirsten Schmidt and Lena Tonzer note that the European Central Bank’s deposit facility rate has been negative since June 2014. The aim behind this was to reduce banks’ incentives to hold reserves at the ECB and caused any portfolio reallocation.

The authors

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: