Bank of England asks banks how ready they are for sub-zero rates or negative interest


SUBMITTED BY: wesclinthunt

DATE: Nov. 10, 2020, 4:54 p.m.

FORMAT: Text only

SIZE: 389 Bytes

HITS: 394

  1. This could be a very interesting development indeed...!
  2. In 2019 Jyske Bank in Norway launched the world's first negative interest mortgage rate (-0.5%) where borrowers effectively pay back less money than they have been loaned. The bank is effectively paying borrowers to take money off their hands...
  3. Bank of England asks banks how ready they are for sub-zero rates or negative interest

comments powered by Disqus