Good News, we will be paying Bank for our Deposit.

[Arcachon]

The European Central Bank (ECB) has lowered its benchmark interest rate to 0.15% from 0.25% in an effort to stimulate economic growth and avoid deflation in the eurozone.

It has also reduced its deposit rate below zero, to -0.1%, which means commercial banks will have to pay to lodge their money with the central bank, rather than receive interest.

The idea is to incentivise the banks to lend to businesses, thereby stimulating growth.

The ECB is the first of the "Big Four" central banks (the ECB, the US Federal Reserve, the Bank of Japan and the Bank of England) to do this.

http://www.bbc.com/news/business-27717594

[pmet]

No big deal. It started long ago with the QE which suppresses effective interest rates to < 0. Now Europe is just using this as excuse to launch their own QE. However, EU is going to be different and has less influence than US. My take: watch what's happening in the US, not EU or anywhere else.

[Arcachon]

I use to like to ask myself why the East is cycling and the West is Driving in the 60's, 70's, 80's, 90's.

Now I know why, do you know.

[star]

Buy stocks and property. Huge amount of money will be out from europe banks to stocks and property.

[kane]

Risk assets is looking more attractive again.