Negative interest rates. I shake my head just typing those words. I can just imagine it now if I’d mentioned the notion to my math or accounting teachers in school I may have been sent to the principals office for being a trouble maker.
It’s now 2019 and in some parts of the world they are a reality. Researching why we have them and the state of the rest of the world that doesn’t yet have them, it looks likely they could soon be coming to your country if they haven’t already. So what are negative interest rates and how do they work? I’m glad you asked hit play on this video I just watched for a relatively concise explanation.
Let me know in the comments below what country you call home and when you think you will see negative interest rates if you don’t have them already.