Rates Go Negative – Savers to PAY Interest! | June 6th, 2014

from Money Metals' Weekly Market Wrap · host Money Metals Exchange

The European Central Bank has announced that it would slash interest rates paid to banks on their deposits with the ECB to below zero. That’s right, negative interest rates! Banks will have to pay 0.1% on their reserves held at the ECB.

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Rates Go Negative – Savers to PAY Interest! | June 6th, 2014

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