6 You can only have negative interest rates if you do a ban on cash or else people will take out their money leading to mass bank-runs. (twitter.com) posted 5 days ago by BuckeyePatr1ot 5 days ago by BuckeyePatr1ot +8 / -2 15 comments share 15 comments share save hide report block hide replies
gtfo European countries have negative interest rates
they still exists and use cash
nice try retard
No country has ever used negative interest rates.
Japan (BOJ) — went to –0.1% in 2016 and stayed there for years. Goal: weaken the yen + fight deflation.
Eurozone (ECB) — –0.5% deposit rate from 2014–2022. First major economy to go deep into the negative territory.
Switzerland (SNB) — hit –0.75%, one of the lowest in the world, to keep the franc from rocketing in value.
Denmark — ran –0.75% as well. Mainly to defend their currency peg to the euro.
Sweden (Riksbank) — went negative in 2015, bottoming at –0.5%, then climbed back out in 2019.
These were institutional rates, not personal rates. The idea of negative institutional rates is to force banks to push cash reserves into the economy.
What Trump is suggesting is unprecedented, and suggests that natalism is spiralling so badly already that they need a major cash infusion.
goalpost moving ASAP
it's ok for Japan and EU to do it but when POTUS does it, it's inherently bad
gg TDS