Global Macro Insights
Timely perspectives from financial industry experts.
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First a little background: in the wake of the financial crisis in 2008-2009, the ECB had been compelled to cut interest rates to negative; they currently sit at -0.4 %. The intent of negative rates is to encourage institutions to lend money rather than park it at the ECB. If euro banks aren’t lending, then they are forced to pay the ECB to sit on their cash, or take greater risks in their lending practices. This has been hurting EU bank profits for quite some time, as the chart below indicates.
Well, some relief may be on the way for EU banks, but this doesn’t necessarily bode well for anyone who is long the EURO.
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© Online Finance Academy 2020 All Rights Reserved.
The information on this website is solely for informational purposes and no part should be considered an offer or solicitation to buy or sell any service unless otherwise stated. The directors and instructors of Online Finance Academy (OFA) may or may not have positions (either long or short) in any of the securities mentioned. While the information on this website is accurate at the time it is posted, Online Finance Academy cannot give any assurance that any information is accurate or complete or current at any time. Course prices may change without being indicated on the website. Any trading ideas or advice provided by Online Finance Academy (OFA), its affiliates and instructors should be considered for informational purposes only, and not as offers to buy or sell securities. Trading is risky and should not be undertaken by individuals who are not prepared for the risk of losing all their trading capital. Any trading decisions you make are solely your own responsibility and none of the content on this site or in any course should be taken as a personal recommendation or substitute for your own judgment