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Donald Trump wants negative interest rates. Rates in Europe just went to a record low, and this is the effect.

Credit: Business Insider- Published on September 12, 2019
· *The European Central Bank on Thursday cut its interest rate 10 basis points to a record low of -0.5% and will in November kick off a fresh round of stimulus.*
· *Trump tweeted his approval, following a series of attacks on the Fed to cut interest rates to zero or below.*
· *Most economists agree that it is a highly...
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Video credit: Wochit
Published on September 12, 2019 -  00:33
Preside Trump Wants Negative Interest Rates
The European Central Bank on Thursday cut its interest rate 10 basis points to a record low of -0.5% and will in November kick off a fresh round of stimulus. Trump tweeted his approval, following a series of attacks on the Fed to cut interest rates to zero or below. Most economists agree that it is a highly unlikely scenario in the US, but Europe has had negative interest rates since 2016. For Europe, it's helped stabilize the economy and the euro in a time of turmoil, but it's squeezed banks' profits.

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