The U.S. Federal Reserve shocked the world last night by slashing its benchmark interest rate close to zero and declaring it would pump out vast amounts of cash to businesses and consumers in a bid to beat recession.
The central bank set the official rate to between zero and 0.25 per cent. Experts say the move could be copied within months by the Bank of England.
While this could help stimulate the British economy, it would be dire news for the nation's savers - who outnumber borrowers by seven to one.
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So the central banks printing presses are running red hot and the interest rates are as close to 0 as you can get.
The question for me is what happens when both these methods fail as they have been set up to do.
What happens then?
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