Asian markets gain ahead of ECB meeting
Associated Press | Wed, Sep 11, 2019
Asian markets mostly gained in early trading Wednesday, ahead of expected further monetary easing by the European Central Bank.
The ECB is expected to take rates even deeper into negative territory at its Thursday meeting. Policy makers have indicated the ECB could introduce a tiered system of deposits, which would see only a portion of deposits subject to negative rates, which could ease a further hit to the banking sector’s profitability.