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February 18, 2020

Negative interest rates turn saving, borrowing upside down

  • Economists think it could be a feature of the global economy for years to come and change the way people save and invest.
    • By DAVID McHUGH and CHRISTOPHER RUGABER
    AP Business Writers

    FRANKFURT, Germany — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.

    Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world where economic growth has been sluggish. Now more than a decade old, economists think it could be a feature of the global economy for years to come and change the way people save and invest.


     
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