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Swiss Central Bank reveals negative interest rate on deposits .

JohnChisum
in Off-Topic
The Swiss Central Bank will put a negative interest rate of -0.25% on deposits. This is on top of account fees. The future of banking?

http://www.zerohedge.com/news/2014-12-18/swiss-central-bank-scrambles-against-russian-capital-flight-joins-ecb-sending-deposi

Comments

  • scott
    edited December 2014
    Coming to a Central Bank near you in 2015... It's NIRP! (Cheery trailer music.)
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