The Eurosystem’s two-tier system for remunerating excess liquidity holdings The aim of the two-tier system for remunerating excess liquidity holdings is to promote monetary policy transmission via banks to firms and households. The system is part of the ECB Governing Council’s broad package of monetary accommodation. Share Email Twitter Facebook Linkedin Google+
Slightly negative central bank interest rates ease financial conditions Negative interest rates have been an integral part of the ECB's overall monetary accommodation for just over five years now. Research indicates that the advantages of slightly negative interest rates outweigh the disadvantages. Share Email Twitter Facebook Linkedin Google+