Negative Interest Rates – Can They Stimulate The Economy?

Negative interest rates mean that any money deposited with a bank incurs a charge, or cost, for the lender. When rates are positive, the lender receives interest on their money from the bank, when rates are negative, the lender pays the bank interest to hold their money. Interest rates across the globe have been cut sharply in the last 3 months as governments and central banks try and stem the economic damage caused by the COVID-19 virus. With zero percent interest rates now commonplace, there has been further speculation that central banks may well have to push rates into negative territory, as well as employing … (full story)

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