The Economist asks
What will the European Central Bank (ECB) do with respect to the deposit rate at its January 2017 monetary-policy meeting?
Started
Nov 22, 2016 06:00PM UTC
Closed Jan 19, 2017 07:59AM UTC
Closed Jan 19, 2017 07:59AM UTC
Challenges
Tags
This question was closed on "Maintain" with an end date of 19 January 2017. (Wall Street Journal)
See our FAQ to learn about how we resolve questions and how scores are calculated.
The European Central Bank cut its deposit rate into negative territory for the first time in June 2014, meaning that commercial banks are charged for the privilege of depositing money overnight at the central bank. In October 2016 the ECB maintained the deposit rate at -0.40%, but Europe’s weak economic recovery has raised speculation about further decreases (European Central Bank, The World in 2017). The January meeting is scheduled for 19 January 2017. The Governing Council's Monetary Policy Decisions can be found here and historical data on ECB interest rates can be found here. Confused? Check our FAQ or ask us for help.
If you liked this question, you might also enjoy forecasting on US farmland values in the first quarter of 2017 or inflation in the G7.
The European Central Bank cut its deposit rate into negative territory for the first time in June 2014, meaning that commercial banks are charged for the privilege of depositing money overnight at the central bank. In October 2016 the ECB maintained the deposit rate at -0.40%, but Europe’s weak economic recovery has raised speculation about further decreases (European Central Bank, The World in 2017). The January meeting is scheduled for 19 January 2017. The Governing Council's Monetary Policy Decisions can be found here and historical data on ECB interest rates can be found here. Confused? Check our FAQ or ask us for help.
If you liked this question, you might also enjoy forecasting on US farmland values in the first quarter of 2017 or inflation in the G7.
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Raise | 5% | |
| Maintain | 92% | |
| Lower | 3% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 751 |
| Average for questions older than 6 months: 187 | |
| Number of Forecasts | 1047 |
| Average for questions older than 6 months: 542 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
