European Central Bank’s negative deposit rate has a positive impact on lending volumes

Market news

19 April 2016

European Central Bank’s negative deposit rate has a positive impact on lending volumes

The European Central Bank (ECB) said in a survey on Tuesday that the negative deposit rate had a positive impact on lending volumes.

"Regarding the impact of the ECB's negative deposit facility rate, banks reported a positive impact on lending volumes, specifically for loans to households, but a negative impact on their net interest income and loan margins for the last quarter of 2015 and the first quarter of 2016," the ECB said.

European stocks close: stocks closed higher on rising oil prices

European stocks closed: FTSE 100 6,405.35 +51.83 +0.82% CAC 40 4,566.48 +59.64 +1.32% DAX 10,349.59 +229.28 +2.27%

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