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> The European Central Bank charges banks negative interest to hold their money for them, which is a reserve requirement. The ECB requires the reserve be depos
by vonmoltke 7y ago
> The European Central Bank charges banks negative interest to hold their money for them, which is a reserve requirement.
The ECB requires the reserve be deposited with them? There is no "vault cash" provision like the US?
- gridlockd 7y agoVault cash is possible, but that costs upkeep too. It does limit the central bank ability to go deeply negative though, which is one argument for going "cashless".