Started Nov 22, 2016 06:00PM UTC   •   Closed Jan 19, 2017 06:00PM UTC (1 year ago)

  The Economist asks

What will the European Central Bank (ECB) do with respect to the deposit rate at its January 2017 monetary-policy meeting?

This question was closed on "Maintain" with an end date of 19 January 2017. (Wall Street Journal)

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The European Central Bank cut its deposit rate into negative territory for the first time in June 2014, meaning that commercial banks are charged for the privilege of depositing money overnight at the central bank. In October 2016 the ECB maintained the deposit rate at -0.40%, but Europe’s weak economic recovery has raised speculation about further decreases (European Central Bank, The World in 2017). The January meeting is scheduled for 19 January 2017. The Governing Council's Monetary Policy Decisions can be found here and historical data on ECB interest rates can be found here.

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