3 ms·
>>> zero base rates When I take the risk to loan out money, I want more return than zero. Why would anyone bother at zero? Maybe reading the enabling legislat
by landemva 4y ago
>>> zero base rates
When I take the risk to loan out money, I want more return than zero. Why would anyone bother at zero?
Maybe reading the enabling legislation would be useful.
https://www.law.cornell.edu/uscode/text/12/225a https://www.law.cornell.edu/uscode/text/12/225a
' maximum employment, stable prices, and moderate long-term interest rates. '
I'm interested in the forgotten 'stable prices' part.
- chillacy 4y agoLenders add to the base rate so the return is nonzero afaik.