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Risks of Deflation Pt 94
Comments
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And the minute he does, watch every hardcore saver pull every pound they have out of UK banks. It will be Northern Rock Redux. They will regret having only one pound on deposit for every one lent when the population causes a run on the banks.
They're not talking about a negative base rate.
The negative rates being considered would be specifically to penalize institutions which have been hoarding too much cash on deposit with the BOE.0 -
Didnt Japan do that on their overnight rate at some point0
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I'm not really qualified to post in this thread. But something caught my eye.Degenerate wrote: »They're not talking about a negative base rate.
The negative rates being considered would be specifically to penalize institutions which have been hoarding too much cash on deposit with the BOE.
Too much cash.
What a !!!!!!!g world we live in. Too much cash.0
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