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Deposit interest rates at the ECB and some other European central banks are below zero. The FT’s Christopher Thompson and Ferdinando Giugliano discuss why central banks took such a dramatic step and if negative rates are having the desired effect.
► FT Markets: http://bit.ly/1J5HNd3
► FT Global Economy: http://bit.ly/1J5mmqH
►Will ECB launch full QE?: http://bit.ly/1d3U0Au
