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Dickson Buchanan

Government Spending and Negative Interest Rates

Mises Daily

Author: Dickson Buchanan

Online Publish Date: August 14, 2014

Category: Capital and Interest Theory, The Fed

In June, the European Central Bank (ECB) made a historic and downright diabolical announcement. They decided to inaugurate negative interest rates for overnight deposits. Here are the details from the official transcript: The rate on the deposit facility was lowered by 10 basis points to -0.10 percent. These changes will come into effect on 11

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