Countries with Negative Interest Rates
A lot of people may find it hard to believe but there is over 20 countries that have 0% or even negative cash rates, so what does that actually mean? Negative interest rates can be considered a last-ditch effort to boost economic growth. Basically if a country goes in to a negative cash rate situation then instead of the Bank paying you to keep your money with them, they charge you to have money in the Bank. Negative cash rates are designed to encourage Banks to lend money more freely and individuals to spend it in order to try and stimulate or kick start the economy.
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