Just trying to get my head around negative interest rates
Denmark’s central bank cut its main borrowing costs to record lows and brought the rate it offers on certificates of deposit below zero, as policy makers test uncharted territory to fight a capital influx.
The benchmark lending rate was cut to 0.2 percent from 0.45 percent, while the deposit rate was reduced to minus 0.2 percent from 0.05 percent, Copenhagen-based Nationalbanken said in a statement today.
Attention Danish people with money: my mattress is currently offering firm (though somewhat lumpy) yields of 0%. Send your krone to Bingley Banque!