Negative interest rates explained

in #money5 years ago

The world of negative interest rates

This is the best one-phrase explanation I found on negative interest rates: "In this upside-down world, savers are penalized and borrowers get paid to borrow money." In other words the government will fine you for NOT spending your money and banks will offer you FREE money if you borrow more then needed. What a crazy world we are living in...

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