The European Central Bank’s plan to slash its interest rate on deposits into negative territory has caught the attention of U.S. advisors, but whether the move results in major portfolio changes is still up in the air.

The ECB's monetary policy change that takes effect June 11 means that commercial banking institutions in Europe will now be charged for holding deposits with the central bank. The move was aimed at boosting low inflation, by encouraging increased lending.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access