Bank of Ireland is starting to pass negative interest rates onto large institutional and pension firms.
I personally expect to see more instances of this in the future in the west. I wonder if we'll get to the point to that individual retail bank accounts will also see negative interest rates?
"Many pension fund holders are likely to face a hit to their savings in the near future following a move by Bank of Ireland to impose negative interest rates on cash it holds on deposit from a number of investment and pension trustee firms."
Bank of Ireland is starting to pass negative interest rates onto large institutional and pension firms.
I personally expect to see more instances of this in the future in the west. I wonder if we'll get to the point to that individual retail bank accounts will also see negative interest rates?
"Many pension fund holders are likely to face a hit to their savings in the near future following a move by Bank of Ireland to impose negative interest rates on cash it holds on deposit from a number of investment and pension trustee firms."
Druss, Negative interest rate indicates various things such as ageing population, and less spending. But the thing is can create various problems, what do you think, how will this impact the country who have trade pegs with Ireland if there any?
Druss, Negative interest rate indicates various things such as ageing population, and less spending. But the thing is can create various problems, what do you think, how will this impact the country who have trade pegs with Ireland if there any?
I assume you think it will increase it because it incentivizes spending?
That won't happen, dude, people will just go to a foreign bank. One that still has positive interest rates.
I assume you think it will increase it because it incentivizes spending?
That won't happen, dude, people will just go to a foreign bank. One that still has positive interest rates.