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- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
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- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
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- Community Insurance in Spain
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- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
The European Central Bank (ECB) has cut interest rates by 0.25% to a record low of 0.5%. The cut was widely expected but it was comments surrounding the ECBs deposit rate which was of greater interest to the market. This is the rate that the ECB pays on excess liquidity deposits that commercial banks have with the ECB on a daily basis. This rate is zero, and has been since last summer.
President of the ECB, Mario Draghi, tried to give some reassuring comments about standing ready to act further but also said that he had an open mind about imposing negative deposit rates where banks would have to pay to deposit overnight money. It was this that triggered a 1.5% fall in the value of the Euro against the USD and saw the German government 10-year bond yield fall to a record low of 1.16%.
It is unsettling news for eurozone banks in particular as it erodes their profitability at a time when they are under considerable pressure to improve their balance sheets.
- Benefits in Spain and 'La Ley de Dependencia'
- The 'EHIC' Card Explained
- SIP Cards and Means Tested Prescriptions in Spain
- Currency Exchange Jargon Explained
- Can I claim UK benefits if I am widowed in Spain ?
- Glossary of useful Legal, Financial & Procedural Phrases
- Claiming Child Benefits
- Employee rights & working conditions in Spain
- How to Apply for Free State Healthcare in Spain
- How to claim a widow or widowers pension in Spain
- Claiming Sickness Benefit as an Autonomo - Self Employed worker
- Applying for your Spanish prescription charge reimbursement