July 5, 2012

Negative Interest Rates from Danmarks NationalBank

Negative interest rates from Danmarks NationalBank.
 


The prelude to what is to come – negative interest rates from Denmark’s Central Bank. 
Effective from the above date, Danmarks Nationalbank's interest rates
are:
Lending rate: 0.20 per cent
Certificates of deposit: -0.20 per cent
Current account: 0.0 per cent
Discount rate: 0.0 per cent

Banks would have to pay the Central Bank to hold their money. This should surely (?) encourage the banks to invest capital in higher growth opportunities. Will they?

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