Showing posts with label interest rates. Show all posts
Showing posts with label interest rates. Show all posts

Friday, July 6, 2012

Denmark - Engaged in the Global Currency War

Recently several banks around the world are fighting inflation in their own country caused by money printing by the Anglo Central Banks.


Danish central bank cuts deposit rates to below zero for first time in history
Andrew Moran, International Politics Examiner 
Copenhagen - The certificate of deposit rate was cut by a quarter by the Danish central bank that will now yield negative 0.2 percent. The central bank argues that the Danish economy is quite strong and investors are willing to pay the Danish government one-fifth of a percentage point for the nation to hold their money.
Furthermore, the central bank also slashed its lending rate from 0.45 percent to 0.20 percent. The policy still maintains a charge on its loans, but the number is substantially low.


Yes, you read that correctly - negative interest rates (also referred to as Negtative Interest Rate Policy {#NIRP}.  The government of Denmark is paying people to take their bonds to keep their economy going.