Germany mulls ban on negative rates for savers as irritation mounts over ECB's extreme policies

in #dlike5 years ago

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Germany is examining plans to prohibit banks from imposing negative interest rates on savers, threatening to leave lenders in an impossible position and greatly complicating the job of the European Central Bank as it prepares fresh stimulus. The outlandish move comes amid growing German irritation with the radical monetary experiments of the ECB and its policy of negative rates - currently minus 0


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