Japan negative interest rates

Graham_Devon

HAMISH_MCTAVISH wrote: »

*double sigh*

Oh, well if were moving to that level of pedantry - your chart shows it increasing from around 9.45am - 10.05am NY time which is the last point currently on the graph. Therefore, currently increasing.

Seems you are on fire today Mr Muddle!

Dan83

If this happens, will the back pay me interest on my mortgage rather then me pay them interest?

DiggerUK

I'm looking for a gold free thread, am I in the right place..._

Generali

Dan83 wrote: »

If this happens, will the back pay me interest on my mortgage rather then me pay them interest?

There is a bank in Denmark that pays you interest for having one of their mortgage products IIRC.

Jonbvn

Generali wrote: »

There is a bank in Denmark that pays you interest for having one of their mortgage products IIRC.

Marvelous! Do you think they would provide me with a mortgage for a pied-a-terre in Knightsbridge?

zagubov

Reminds me of the proposal that money should be radioactive. :beer:
Need special lead-lined wallets and pockets, difficult to steal, dangerous to hoard in the mattress, and everybody would be keen to spend it quickly or invest it/ store it in (presumably lead-lined) bank vaults.

ERICS_MUM

If my memory serves, the Swiss franc was in negative interest toward the end of the 1980's and the Jap Yen for a spell in the early 1990's. I worked in international banking at the time and our money market traders were particularly careful to utilise our surplus nostro balances to avoid leaving money lying around. By doing this we were able to offer Swiss franc accounts in London without applying neg interest and this was a popular product.

I've just got a vague memory of the Belgian franc going into negative interest for a short term around 1991, might be completely wrong.