Snapshots

The European Central Bank Faces the COVID-19 Crisis With Limited Options

Mar 11, 2020 | 20:57 GMT

The European Central Bank is in a difficult position, with financial markets pricing in a near 100 percent probability of a 10 basis point cut in the already negative −0.5 percent deposit rate on bank reserves when the ECB's Governing Council meets March 12. Markets recognize the relative impotence of...

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