Economics

More Signs of Cash Leaving Germany After ECB Negative-Rate Tweak

  • Very large drop in German Target2 Balance at end of October
  • Italy sees the largest increased position, France also gains
Lock
This article is for subscribers only.

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

Further evidence emerged Monday that ECB rules designed to alleviate the drag of negative rates on bank profitability are pushing deposits out of Germany into more cash-strapped areas.