Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Monday, May 13, 2013

Negative Interest rates

It seems that the ECB is considering negative deposit rates, ie charging banks for their deposits.

The purpose of such a move?

To encourage/force banks to lend money in order to boost the flagging Eurozone economy.

Will it work?

No one knows!

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