Germany does not currently have to make alternative investments after the European Central Bank decided to temporarily pay interest on government deposits, a finance agency spokesperson told Reuters.
The ECB said on Thursday it would pay interest on governments' cash deposits until April 2023, temporarily removing a 0% cap after it hiked rates.
The move follows concerns that governments could run down the cash and escalate a shortage of bonds used as collateral in the bloc, as a 0% cap would have meant deploying the cash in markets would have been more profitable. "As it remains possible for us to deposit liquidity with the central bank at market conditions, as of today we don't have to make use of alternative investment options," the spokesperson said.Reporting by Yoruk Bahceli; editing by Jason Neely
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Rivian and Mercedes are teaming up to build electric vans more quickly | EngadgetThey plan to produce vehicles at a factory in central or eastern Europe,.
Weiterlesen »
EUR/USD Forex Signal: Euro Stages an Unconvincing RecoveryThe EUR/USD price bounced back as the market shifted their focus to the upcoming interest rate decision by the European Central Bank (ECB).
Weiterlesen »
Digital Euro to Focus on Personal Use, Not Web3, EU Officials SayThe central bank digital currency could fail if it doesn't offer something more than what cash and credit cards do, industry representatives remarked.
Weiterlesen »
Treasury yields nudge lower ahead of Powell comments and ECB rate decisionAfter surging to near 3.4% on fears stubborn inflation will cause the Federal Reserve to aggressively hike rates, the 10-year Treasury yield is trading at 3.2%
Weiterlesen »