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14-11-2014
1126074.  Fri Mar 27, 2015 8:29 am Reply with quote

In Belgium the minimum legal savings account interest rate is 0.11%. A negative rate wasn't allowed, and now there's a minimum interest rate of 0.01% and a minimum loyalty premium of 0.10%.

 
vanjeet
1129085.  Mon Apr 13, 2015 12:17 am Reply with quote

How much would I have to pay you to get a piglet, a pineapple, and a lobster in your pants?

<edit>
I guess that would depend from person to person. But, what would be the minimum amount I would have to pay?

$75 Australian, as these are all slang terms for Australian money.

 
Ian Dunn
1193638.  Tue May 31, 2016 9:23 am Reply with quote

Around 8% of Japan's GDP is kept at home rather than banks because the interest rates as so low (they are actually negative).

Quote:
"So long as Japan has what can broadly be categorized as a zero interest-rate policy, the amount will continue to grow," said Hideo Kumano, the Tokyo-based chief economist at Dai-ichi Life and a former BOJ [Bank of Japan] official. "What it means for 40 trillion yen to be sleeping under mattresses is that the deflationary mindset is deeply rooted, and Japanese have become hyper-sensitive to risk."


I like the comic image of 40 trillion yen being kept under mattresses.

Source: Bloomberg

 

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