When Rates Turn Negative, Banks Pay Customers To Borrow

April 14, 2015 9:26 PM

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Earlier this year, the European Central Bank, headed by Mario Draghi, launched a bond-buying program to drive down interest rates and boost borrowing.

So what if the bank paid you to take out a loan? That's what's happening in some European countries, where interest rates have gone negative amid efforts by central bankers to boost economic acitivity.

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