A monetary policy with rates at 0% and the reduction of the deposit facility rate to levels of -0.50% have pushed the Euribor to its fifth consecutive year of negative rates. And it is also increasing the percentage of European deposits with figures below 0%. J.P. Morgan AM showed this evolution in its latest Market Guide (H1’21), which flags how the proportion of Eurozone deposits with negative rates has exceeded 25% in the case of non-financial companies, and is climbing to levels of 5% in the case of households.