Negative Interest Rate Mutiny in Germany, Japan

by Mike ‘Mish’ Shedlock
Mish Talk

Banks in Japan and Europe are fed up with central bank negative interest rate policies that cost the banks money.

Commercial banks and their customers alike seek ways to avoid central bank lunacy.

In Germany, banks are considering holding deposits in cash rather that parking funds at the ECB.

The Financial Times reports Negative Rates Stir Bank Mutiny.

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