The European Central Bank announced this morning that they will cut their deposit rate from zero to -0.10%, making it the first major central bank to institute a negative rate. (For individuals saving money, the benchmark interest rate has also…
Economics and Beyond
The European Central Bank announced this morning that they will cut their deposit rate from zero to -0.10%, making it the first major central bank to institute a negative rate. (For individuals saving money, the benchmark interest rate has also…