Negative Interest Rates

What’s the rationale for negative rates?

The idea is that negative interest rates provide banks with an incentive to lend money rather than to hoard it. The same would apply to members of the public, who would be encouraged to spend rather than save.

http://www.theguardian.com/business/2016/feb/18/negative-interest-rates-what-you-need-to-know

LoL as if America needs to save less and spend more.  😦

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