[CHART 8: Different deposit rates for different segments] There has been more or less full pass-through to lending rates in the economy since the key policy rate was lowered to -0.75 per cent in 2015. However, the degree of pass-through to banks' deposit rates has differed across customer segments. Many large non-financial corporations face negative interest rates on their bank deposits.
The same applies to the majority of insurance and 1  We use the 17 events listed in Carlo Altavilla, Giacomo Carboni and Roberto Motto, 2015, Asset purchase programmes and financial markets: lessons from the euro area, ECB Working Paper Series, No 1864. Page 7 of 9  pension companies. This is appreciated due to the importance for the transmission to the exchange rate.