ECB COULD IMPACT THE WHOLE OF EUROPE THIS WEEK
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Some kind of easing is widely expected from the European Central Bank in June, with the market focusing on the potential for the central bank’s first dip into a negative deposit rate Such a move would penalize banks for parking their
excess cash at the ECB, and in the process make euro-denominated deposits less attractive, weakening the exchange rate. But if the ECB does take the plunge, and the euro tanks, what will the ripple effects be for the common currency’s neighbouring countries as investors seek other places to park their cash? Currency watchers are starting to wonder.
Last modified onTuesday, 03 June 2014 09:39
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