8 () posted 125 days ago by BuckeyePatr1ot 125 days ago by BuckeyePatr1ot +8 / -0 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
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.
goalpost moving ASAP
it's ok for Japan and EU to do it but when POTUS does it, it's inherently bad
gg TDS