The ECB should be ready to reduce the cost of borrowing to just below 2% per annum in order to offset the risks caused by global trade conflicts, said Pierre Wunsch, head of the Central Bank of Belgium. According to him, the current economic uncertainty and the resulting shocks require additional support. As one of the steps, Wunsch mentioned a reduction in the deposit rate, which has already been reduced by the ECB from 4% to 2.25% since June last year.Wunsch's statements indicate a revision of... Saiba Mais
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