Assets – Asia Times

Negative interest rates eliminate the incentive to deposit money in European banks. Photo: iStock

Should Europeans heed ECB chief’s money-saving advice?

by Paul Muir June 15, 2018February 18, 2020

European Central Bank President Mario Draghi pledged that European short-term interest rates would remain negative until late in 2019. Draghi dismissed complaints that negative interest rates penalize savers. Savers, he said, don’t have to leave their money in bank deposits: They can buy other assets. Draghi, in so many words, told Europeans to go out […]