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by riffraff
1988 days ago
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banks have fees that they charge on top of the base rate, so they still earn money. But anyway, the way negative/zero interest rates work is: if you can get money lent to you at X, you can lend it to someone else at X+1. Currently, some entities can get money with negative/zero interest rates, and so can re-lend it at zero and still make a profit. |
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