In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that the central bank will charge commercial banks 0.1% on some of their deposits. It hopes this will encourage banks to lend, and counter the ongoing economic slump in the world's third-largest economy....(
read more)
from Around The Web http://ift.tt/1lZzQfB
via
IFTTT
No comments:
Post a Comment