SpeechMonetary policy lessons from the crisis
ECB board member Benoît Cœuré looks at the challenges for monetary policy implementation after the crisis. He discusses how structural shifts in financial intermediation and the effective lower bound of interest rates will impact the ECB toolkit.
SpeechChallenges for European banks
Vice-President Vítor Constâncio reflects on the challenges faced by the banking industry, both at the global and the European level, at a conference in Madrid. European banks in particular have to deal with low profitability, bad loans and overcapacity in the banking sector.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.40 %|