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Pinedale Online > News > February 2016 > Negative interest rates could be coming soon to US
Negative interest rates could be coming soon to US
Banks charge customers to keep their money with the bank
February 4, 2016

Bloomberg.com posted a story on Feb. 2 saying the Federal Reserve is considering going to negative interest rates as part of their annual stress test on banks. A negative interest rate means the central bank (and perhaps private banks) will charge negative interest. Instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe. The countries of Switzerland, Sweden, Denmark and Japan have already done this.

Click on this link to read the story: The Fed Wants to Test How Banks Would Handle Negative Rates



Related Links
  • Negative Interest Rate Policy (NIRP) Definition - www.investopedia.com
  • Federal Reserve System - Wikipedia
  • 1913 Federal Reserve Act
  • Debt-based economy
  • Fractional Reserve Banking - Wikipedia
  • How money is created - YouTube
  • The Fed and Money Creation - YouTube
  • History of US money
  • Pinedale Online > News > February 2016 > Negative interest rates could be coming soon to US

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