Well, You are right, I didn't read the rates, but clearly 1.88% is not zero - also consider Japanese inflation levels and add to bring it all in context re-read

Well, You are right, I didn't read the rates, but clearly 1.88% is not zero - also consider Japanese inflation levels and add to bring it all in context re-read the pieces on the Japanese recession. 1.8% will seem just fine then. Cheers. PS: You don't need me to tell you this but you can't sensibly compare interest rates across currencies.