Übersetzung für "Negative deposit rates" in Deutsch

In January, the BOJ went further and introduced negative deposit rates on commercial banks’ mandatory reserves, which markets interpreted as a confusing act of desperation.

Three years later, we’ve seen the introduction of targeted longer-term refinancing operations, QE, negative deposit rates and other efforts towards creating a financially united, cohesive, European banking union.

While negative deposit rates would certainly be negative for the Euro, at this point in time, it is unlikely that the ECB takes the plunge – for now.

Owing to the negative deposit rate, lending rates and margins in all surveyed business lines fell, while the effects on the credit volume were, on balance, minor.

Whilst the big Swiss banks have already introduced an individual deposit charge for large account balances held by corporate and institutional clients in reaction to the SNB’s negative deposit rates, banks so far have been reluctant to pass on negative rates directly to depositors.

Too big a cut of the already negative deposit rates could be perceived negatively by the market as damaging for bank profitability and thus the transmission mechanism to the real economy.

However, with liquidity thin in CHF due to the uncertainty and negative deposit rates, there is an additional risk taken when trading CHF pairs.

With the negative deposit rate the ECB has needlessly moved into uncharted territory.

The experiment with a negative deposit rate harbors more risks than potential benefits.

However, we think it desirable to scrap the negative deposit rate as early as possible.

In our view it should start lifting the negative deposit rate promptly.

One problem is that banks are reluctant to pass the negative deposit rate through to the savings rate, for fear of losing depositors.

Our current forecast that tapering will be concluded by the middle of next year, and that the negative deposit rate will be nudged up slightly in the second half of 2018 followed by an initial hike in the main refinancing rate in early 2019 means that monetary policy is set to remain loose for a long while yet.

For this reason, the ECB has recently lowered the base rate further and established a negative deposit rate of interest.

After the meeting of the Governing Council of the European Central Bank at the beginning of June, President Mario Draghi not only announced a cut in interest rates and a negative deposit rate but also a whole bunch of measure.

Owing to the negative deposit rate, both lending rates and margins in all surveyed business lines fell, while the effects on the credit volume were limited.

In order to reinforce the bank-based transmission of monetary policy, the Governing Council decided in September last year to exempt part of the bank holdings of excess liquidity with the Eurosystem from the negative deposit rate.

One of the main reasons the Euro has been stronger recently, of course, is due to the European Central Bank choosing to keep its key interest rates on hold at its June 6 meeting, as opposed to implementing a negative deposit rate, which was expected by a small, but significant portion of market participants.

For the first time in its history, the Central Bank is now imposing a negative deposit rate of -0.2% for banks, and the main refinancing operations rate has also been cut in two stages – first to a record low of 0.15% and then even further to 0.05%.