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This is How a Central Bank Could Kill Off Cash and Bring in Negative Interest Rates on Your Savings
Thursday, November 5, 2015 6:37
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by Mike Bird
Business Insider
Since the financial crisis, the world’s understanding of economics has been undergoing a lot of rapid change.
Ideas that would have been considered crazy just a decade ago are now seen as much more likely.
One of those ideas is that central banks could bring in negative interest rates.
Growth is pretty tepid around the world, and in many advanced economies, inflation is nowhere to be seen. Cutting interest rates is a typical tool for stoking inflation and growth. What else can be done when rates are already pretty much at zero?
Continue Reading at BusinessInsider.com.au…
Source: http://financialsurvivalnetwork.com/2015/11/this-is-how-a-central-bank-could-kill-off-cash-and-bring-in-negative-interest-rates-on-your-savings/?utm_source=rss&utm_medium=rss&utm_campaign=this-is-how-a-central-bank-could-kill-off-cash-and-bring-i
