What is NIRP?

What is NIRP? Negative Interest Rates! Yesterday June 5th, 2014, was historic. It is the first time “official” negative interest rates have been implemented by a central bank. NIRP was implemented yesterday by the European Central Bank on 18 nations. Rates have hit negative territory before a during bidding crisis, and Denmark did it briefly in 2012, but no central bank has done it before in an official capacity. Read more here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *