Forum | Time to dig a hole if you are lucky enough to have savings... by BanksterDebtSlave

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Time to dig a hole if you are lucky enough to have savings... 17:51 - May 20 with 1116 views

BofE not ruling out negative interest rates.

https://www.theguardian.com/business/2020/may/20/uk-sells-government-bond-with-n

[Post edited 20 May 2020 17:51]

	"They break our legs and tell us to be grateful when they offer us crutches."
Poll:	If the choice is Moore or no more.

Time to dig a hole if you are lucky enough to have savings... on 17:53 - May 20 with 1089 views

tonybied

Does that mean if I borrow money from a bank they'll have to pay me interest? Maybe the perfect time to apply for a loan for a few million quid!!!

Time to dig a hole if you are lucky enough to have savings... on 17:55 - May 20 with 1071 views

BanksterDebtSlave

Time to dig a hole if you are lucky enough to have savings... on 17:53 - May 20 by tonybied
Does that mean if I borrow money from a bank they'll have to pay me interest? Maybe the perfect time to apply for a loan for a few million quid!!!

You will pay interest the bank won't.

	"They break our legs and tell us to be grateful when they offer us crutches."
Poll:	If the choice is Moore or no more.

Time to dig a hole if you are lucky enough to have savings... on 18:16 - May 20 with 1003 views

J2BLUE

What a time to be alive.

	Truly impaired.
Poll:	Will you buying a Super Blues membership?

Time to dig a hole if you are lucky enough to have savings... on 22:44 - May 20 with 823 views

StokieBlue

It'a a worry as it probably means that investors are willing to take a negative rate now because:

- they think the recession will be so deep the rates will go more negative
- they are looking for "safer" assets because everything else is going to be too volatile

SB

Avatar - IC410 - Tadpoles Nebula

Time to dig a hole if you are lucky enough to have savings... on 08:13 - May 21 with 636 views

BanksterDebtSlave

Time to dig a hole if you are lucky enough to have savings... on 22:44 - May 20 by StokieBlue
It'a a worry as it probably means that investors are willing to take a negative rate now because: - they think the recession will be so deep the rates will go more negative - they are looking for "safer" assets because everything else is going to be too volatile SB

On 3 year bonds at that.

	"They break our legs and tell us to be grateful when they offer us crutches."
Poll:	If the choice is Moore or no more.

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