Sweden Cuts Deposit Rate to NEGATIVE .25%

[Bindare_Dundat]

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

[24KT]

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?