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Month: July 2019

Negative savings interest for certain customers

Negative savings interest for certain customers

The bank BSU will implement a negative interest rate on various savings accounts at the bank. It is not about standard savings accounts, but on savings accounts of customers with credits of more than one million euros. This means that the most wealthy customers of the bank will soon no longer receive interest on savings, but will have to pay money to be able to store their assets with BSU. Negative savings interest rate due to persistently low interest rates…

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Deflation – Loan Finance and Money

Deflation – Loan Finance and Money

Period of deflation Deflation is the price reduced, the opposite of inflation. In economic science, a period of deflation indicates continued, generally falling prices. http://adkoutreach.org has details Economic crisis even more devastating Historical deflation in some cases triggered the economic crisis even more devastating than hyperinflation. Deflation occurs when weak demand outpaces the market. With falling prices is also losing income from capital and labor. Companies must reduce or close, while workers become unemployed or must accept a lower pay….

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