Zero Interest Rate Policy (ZIRP) Was Considered “Extraordinary” when Central Bankers Rolled that Out Roughly Ten Years Ago
Will Negative Interest Rates Be the Last Straw? #moneymetals https://t.co/hXA5WL3aFe
— Money Metals Exchange LLC (@MoneyMetals) December 23, 2019
Will Negative Interest Rates Be the Last Straw?
So much has changed in the past 10 years. Now negative interest rate policies (NIRP) look set to go viral.
German banks will soon start toeing the European Central Bank line and pass negative rates on to depositors there. Germans who endured zero interest rates and somehow still want a savings account will now have to pay for the “privilege.”
