The recent news about the ECB imposing a negative deposit rate in June 2014 has spurred a new trend. The deposits at the European banks is seeing outflows.
Who would want to hold deposits with negative rates? They will of course take their money out and hunt for higher yielding assets.
See what happens to the deposits of the periphery in Europe on this chart:
Who would want to hold deposits with negative rates? They will of course take their money out and hunt for higher yielding assets.
See what happens to the deposits of the periphery in Europe on this chart:
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