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

Discussion in 'Economics' started by saliva, Dec 4, 2008.

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

  1. U.S.A (Federal Reserve)

    10 vote(s)
    55.6%

  2. Great Britain (Bank of England)

    2 vote(s)
    11.1%

  3. European Union (European Central Bank)

    0 vote(s)
    0.0%

  4. Japan (Bank of Japan)

    6 vote(s)
    33.3%
  1. saliva

    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.
     
    #1     Dec 4, 2008
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  2. JamesJ

    JamesJ

    Switzerland
     
    #2     Dec 4, 2008
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  3. BondTrader50

    BondTrader50

    Zimbabwe
     
    #3     Dec 4, 2008
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  4. Tigerjaw

    Tigerjaw

    I'm holding out for negative interest rates - - - them actually paying me when I borrow money.
     
    #4     Dec 4, 2008
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  5. loza

    loza Guest

    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
     
    #5     Dec 4, 2008
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  6. JamesJ

    JamesJ

    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.
     
    #6     Dec 11, 2008
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