Which country will slash the interest rate down to zero first?

Which country will slash the interest rate down to zero first?

  • U.S.A (Federal Reserve)

    Votes: 10 55.6%

  • Great Britain (Bank of England)

    Votes: 2 11.1%

  • European Union (European Central Bank)

    Votes: 0 0.0%

  • Japan (Bank of Japan)

    Votes: 6 33.3%
  • Total voters
    18
S

saliva

At this rate, the entire global village will be enjoying a zero percent refinancing by next year, provided that you have a stellar credit.
 
I am not sure but the Japs have already done it...we have not yet, Maybe we shall have .25 for 10 years, what the fuck is the differrence? Gold will soon be over a 1000.00
 
and it is:

SWITZERLAND

target range 0.00% - 1.00%


Switzerland's central bank cut interest rates by 50 basis points on Thursday, sending a powerful signal it has effectively embraced a zero-rate policy to cushion a predicted recession in 2009.

The SNB offered one-week, three-month and 12-month repurchase agreement auctions priced at 0.05%, its lowest rate ever.
 
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