Negative interest on excess reserves
Negative interest on excess reserves is an instrument of unconventional monetary policy applied by central banks to encourage lending by making it costly for commercial banks to hold their excess reserves at central banks so they will lend more readily to the private sector. Such a policy is usually a response to very slow economic growth, deflation, and deleveraging.
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Negative interest on excess reserves
Negative interest on excess reserves is an instrument of unconventional monetary policy applied by central banks to encourage lending by making it costly for commercial banks to hold their excess reserves at central banks so they will lend more readily to the private sector. Such a policy is usually a response to very slow economic growth, deflation, and deleveraging.
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Negative interest on excess re ...... olding a large amount of cash.
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Negative interest on excess re ...... , deflation, and deleveraging.
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Negative interest on excess reserves
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