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<blockquote data-quote="ProDave" data-source="post: 493272" data-attributes="member: 6969"><p>It is also looking likely the BOE are going to cut base rates.</p><p></p><p>A major problem is looming, I am sure I have mentioned this before.</p><p></p><p>We (they) never did manage to restore interest rates to "normal" levels after the last recession, so this time when you need to cut rates to boost the economy where do you go?</p><p></p><p>Welcome to the scary world of negative interest rates, already a reality in Denmark, where you can get a mortgage that pays you money so you pay back less than you borrow, and the bank will charge you interest to keep your money in the bank</p></blockquote><p></p>
[QUOTE="ProDave, post: 493272, member: 6969"] It is also looking likely the BOE are going to cut base rates. A major problem is looming, I am sure I have mentioned this before. We (they) never did manage to restore interest rates to "normal" levels after the last recession, so this time when you need to cut rates to boost the economy where do you go? Welcome to the scary world of negative interest rates, already a reality in Denmark, where you can get a mortgage that pays you money so you pay back less than you borrow, and the bank will charge you interest to keep your money in the bank [/QUOTE]
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