What is Negative Interest Rate Mean? - Part 2

You may read previous post (Part 1):

- What is Negative Interest Rate Mean? - Part 1 | Tanza Erlambang Update

Fig 01- Chocolate covered strawberry

Moreover, the Bank of England, the British central bank was planning to have negative interest rate, then the rate was negative few years ago or by February, 2021.

We may wonder: what are the purposes of negative interest rate?

The main purposes that banks (the central bank) want or encourage people to:

- spending their money instead of saving in the banks

- investing more into the markets

- borrow money from the banks for any purposes, include consumption.

Fig 02- The Monte Carlo Aster Purple flower

These encouragements will boost the economy, the fact is based on economic experiences in Japan, Denmark, Switzerland and Sweden.

Fig 03- The Yellow Rose, taken from garden

Have you experienced with negative or close to zero interest rate in your places?

# Previous postings:

- Slow Cat Crossing in Neighborhood – Sign 13 | Tanza Erlambang Update

- Are Rattan End Products Expensive than Plastic? | Tanza Erlambang Update

- Database in Everyday Aspects of Life - Part 2 | Tanza Erlambang Update

- Have you Seen Cube Feces Animals in Nature? | Tanza Erlambang Update

- State Rules to Prohibit Pets in Stores – Sign 14 | Tanza Erlambang Update