{"id":16998,"date":"2019-08-26T08:09:44","date_gmt":"2019-08-26T07:09:44","guid":{"rendered":"https:\/\/traders-paradise.com\/?p=16998"},"modified":"2019-09-06T12:55:23","modified_gmt":"2019-09-06T11:55:23","slug":"negative-interest-rates-germany","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/08\/negative-interest-rates-germany\/","title":{"rendered":"Negative Interest Rates Make the Turmoil in Germany"},"content":{"rendered":"

2 min read<\/em><\/p>\n

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Germans are very dedicated to savings. That is kind of national habit, they are taught to save money and spend a very careful. Savings are planned from their childhoods.<\/span><\/p>\n

The European Central Bank<\/a> could ruin that habit. Thanks to its negative interest rates it looks it makes jokes with German’s national passion.<\/span><\/p>\n

Germany’s Finance Minister Olaf Scholz stated he would reconsider the possibility to stop German banks from charging clients for deposits.\u00a0<\/span><\/p>\n

Negative rates indicate that deposits decrease over time rather than progress. So, it is bad for savers. If negative rates were introduced at the German banks, clients might withdraw their savings and keep it on some other places or invest in something different. <\/span><\/p>\n

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