Left Menu
Development News Edition

Dutch parliament tells ECB's Draghi it opposes 'tiered' rates

Reuters | Updated: 11-09-2019 23:36 IST | Created: 11-09-2019 23:35 IST
Dutch parliament tells ECB's Draghi it opposes 'tiered' rates
Image Credit: Reuters

Dutch parliament on Wednesday sent a formal letter to the European Central Bank underlining its opposition to a policy under consideration that lawmakers think is contrary to Dutch interests.

The letter, addressed directly to ECB President Mario Draghi as the bank's governing council gathers for a policy meeting, ignores the convention that central banks should be free of political pressures.

The letter included a translation into English of a motion passed by Dutch parliament that says offering banks "tiered", or preferentially high, interest rates on deposits held at the ECB would be unfair to pension funds that are currently forced to invest at negative rates.

Also Read: UK PM Johnson must be held to account by parliament - opposition leader Corbyn



Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...


Latest News

Monsoon withdrawal from Delhi likely by midweek

Conditions are favourable for the withdrawal of monsoon from Delhi by the mid of this week, the meteorological MeT department said on Sunday. The wind system had reached the national capital on June 25, two days earlier than normal.Conditio...

Two militants killed in encounter in J-K's Pulwama

Two unidentified militants were killed in an encounter with security forces in Jammu and Kashmirs Pulwama district on Sunday, police said. Security forces launched a cordon and search operation in the Samboora area of Awantipora in the sout...

Jaswant Singh passes away; Prez, PM lead tributes

Former Union minister Jaswant Singh, one of the founding members of the BJP and a close associate of ex-prime minister Atal Bihari Vajpayee, died here on Sunday following a long spell of illness. He was 82. President Ram Nath Kovind, Prime ...

Assam Police test paper leak: SLPRB chairman tenders

Assam State Level Police Recruitment Board Chairman Pradeep Kumar resigned on Sunday, taking moral responsibility for the police recruitment exam paper leak that resulted in the cancellation of the written test. The scheduled recruitment te...

Give Feedback