“Negative Interest” Is the Latest Government Scheme to Deter Saving

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“Negative Interest” Is The Latest Government Scheme to Deter SavingSweden’s central bank has introduced a controversial new measure that will deter its citizens from saving. The oxymoronic “negative interest” now paid out on tax accounts is technically designed to stimulate the economy. In reality, all it will do is encourage people to spend rather than save, boosting government figures for economic growth while disadvantaging […]

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