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
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?

Top Danish Banks

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