NEGATIVE INTEREST RATES! Europe is proceeding with negative - TopicsExpress

NEGATIVE INTEREST RATES! Europe is proceeding with negative interest rates. If you keep cash in their banks, you actually lose one tenth of a percentage on an annualized basis. While this may encourage businesses to put their money to work, it remains to be seen if this will be an effective way for Europe to spur their economy. Next step for the European Central Bank will be their own version on quantitative easing, while they can increase the negative interest rates even further. What are your thoughts? Will this be effective? Do you think we would even suffer a negative interest rate environment in North America?

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