ABU DHABI/WAM Alpha Dhabi Holding has announced its financial results for the first half of ...
Read More »ECB will not take rates to ‘absurdly’ negative levels
Frankfurt / Reuters The European Central Bank (ECB) will not move interest rates into absurdly negative territory and negative rates are not the bank’s main policy instrument even if further cuts cannot be ruled out, Executive Board Member Benoit Coeure told a political magazine. Although negative rates could reduce banks’ profitability, lenders actually increased their interest margins last year when ...
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