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Because the central bank has negative interest? It's the reason commercial banks will refuse to store sufficiently large amounts of cash in a 0.00% checking acc
by nawitus 7y ago
Because the central bank has negative interest? It's the reason commercial banks will refuse to store sufficiently large amounts of cash in a 0.00% checking account (even though they offer it for smaller amounts).
- xchaotic 7y agoHmm FED rate is NOT negative?
- nostrademons 7y agoFed isn't but Japan and many European central banks are. Bank of Japan and ECB are both at -0.1%.
- petre 7y agoThe ECB is more like at -0.4%. Outrageous. https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke...