Negative Interest Rates
June 12, 2014 at 14:17 PM EDT
The European Central Bank announced on Thursday that it is moving interest rates into negative territory, charging banks for maintaining deposits with the ECB rather than paying the banks positive interest. The hope is that lower (now even negative) interest rates may provide some stimulus to the European economy which might help bring European inflation […] View the full post at: Negative Interest Rates Related posts: Wells Fargo Kicks the Can by Transforming Option ARM Mortgages Into Interest Only Coordinated Interest Rate Cuts – Too Little, Too Late? Banking: The Finance and the Macro View