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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on July 03, 2009, 05:10:32 PM

Title: Sweden Cuts Deposit Rate to NEGATIVE .25%
Post by: Bindare_Dundat on July 03, 2009, 05:10:32 PM

There has been a lot of ludicrous recommendations recently to combat deflation by making deposit rates negative. I did not think any central bank would be dumb enough to try it. I thought wrong.

Today, Riksbank, Sweeden's central bank cut the deposit rate to -0.25% effectively charging savers interest on deposited money.



http://globaleconomicanalysis.blogsp...gative-25.html

Title: Re: Sweden Cuts Deposit Rate to NEGATIVE .25%
Post by: 24KT on July 03, 2009, 07:14:21 PM

Quote from: Bindare_Dundat on July 03, 2009, 05:10:32 PM

There has been a lot of ludicrous recommendations recently to combat deflation by making deposit rates negative. I did not think any central bank would be dumb enough to try it. I thought wrong.

Today, Riksbank, Sweeden's central bank cut the deposit rate to -0.25% effectively charging savers interest on deposited money.

http://globaleconomicanalysis.blogsp...gative-25.html

WTF?  I guess it's time to start putting it in the old mattress again. huh?  :-\