Tag: Rates

Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates

Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters […]

80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany

80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even […]

Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates

Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending […]

Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal

Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative […]

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review The European Central Bank (ECB) has launched an extensive review that will examine a wide range of its policies by the end of this year. Under its new president, Christine Lagarde, the bank will […]

Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns

Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically […]

German Banks Increasingly Charging Retail Clients Negative Interest Rates

German Banks Increasingly Charging Retail Clients Negative Interest Rates A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the […]

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in […]

European Banks Struggle With Low Interest Rates and Strict Regulations

European Banks Struggle With Low Interest Rates and Strict Regulations Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate […]