The European Central Bank (ECB) should have its
Strategy check according to banker Emmerich Müller on
Use entry into exit from ultra-loose monetary policy.
“I hope that in the foreseeable future we will at least have the nominal
Leave negative interest rates behind. As soon as circumstances allow
should the ECB adjust the deposit rate, “said the partner of the
Frankfurt bank Metzler der Deutschen founded in 1674
Press Agency. “That these negative interest rates are significant in the long run
It also has an impact on the stability of the financial system
ECB familiar. “
Banks currently have to pay 0.5 percent interest when they contribute money
the ECB parking. Even if there are now higher allowances, is
this is a billion dollar burden for the financial sector in the euro area.
Initiated by the President of the ECB since November
Christine Lagarde did a comprehensive review of the central bank
monetary policy strategy decided – the first since 2003
it’s about the monetary policy toolbox, among other things
Measuring inflation and central bank communication.
Müller is convinced: “An interest rate policy that communicates better
could lead to broader public approval –
also leading to the euro. “There was and is a lot in Germany in particular
Criticism of the central bank’s course.
Banks and savers are concerned about the low interest rates. Are for savers
Interest on savings account and call money accounts virtually eliminated, whoever much
Bunkering money at the bank can even lead to negative interest rates. The
Financial institutions break the yields at low interest rates, moreover they are
Negative interest charges billions for the industry. on the other hand
debtors benefit from the extremely low interest rate level.
“A substantial change in the interest rate level is not expected”,
said Müller. “There are simply too many debtors who are really higher
Could not cope with interest. “
Müller was upset about new taxation plans
of share purchases. “In this environment with a
Getting financial transaction tax is completely counterproductive. A
such tax would only affect those for your age
provisions, “criticized the Metzler partner.” Unfortunately, this is one
Control one of the topics that is highly emotional and ideological, instead
be discussed in a factual manner. And it’s one of the topics that
Politicians with no regard to their respective electorate
be buried. “
In the discussion about a financial transaction tax had
Federal Finance Minister Olaf Scholz (SPD) in mid-December
EU colleagues presented a draft. Accordingly, when buying shares
a tax of 0.2 percent will apply. Scholz expects revenue from
initially 1.5 billion euros per year. Over a
Financial transaction tax has been negotiated at EU level since 2011.
So far there is no agreement
AXC0030 2020-02-08 / 16:35
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