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ECB steps into the unknown

The European Central Bank enters uncharted territory by impsing negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation. As David Pollard reports

http://www.digtriad.com/video/3607577894001/49924258001/ECB-steps-into-the-unknown http://cdn.newslook.com/7a/7ae72fc01f7b48b5e670a60d606da2ae/images/frame_ext.jpg ECB steps into the unknown The European Central Bank enters uncharted territory by impsing negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation. As David Pollard reports Jeremy StretchFinancedavid pollardnewslookEuropeWorldcibcGermanyMario DraghiJapan 02:20

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