WCVB Boston |
Bank of Japan cuts key interest rate into negative territory
WCVB Boston The move basically means lenders will be charged to keep money with the central bank. In theory, negative rates encourage banks to lend more and consumers to spend rather than save. They can also weaken a country's currency, helping exporters. Japanese authorities slash interest rates into negative territory |
January 29, 2016 at 06:10AM | money - Google News
Bank of Japan cuts key interest rate into negative territory - WCVB Boston
money - Google News
money - Google News | January 29, 2016 at 06:10AM | Bank of Japan cuts key interest rate into negative territory - WCVB Boston
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