Low rates are here to stay, ECB tells bankers
Central bank urged to consider impact of negative interest rates on banking system's profitability
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Madrid
THE European Central Bank (ECB) is set to keep its interest rates low until it gets inflation back to its target, its chief economist said on Tuesday, arguing it was not up to the institution to shore up meagre bank profits.
Banks have complained that ultra-low ECB rates are eating into their lending margins, particularly in countries where cash is abundant and competition fierce such as Germany.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
