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When even that left their economies close to stall speed, some central banks in Europe, soon followed by Japan, took things into uncharted territory. They
When even that left their economies close to stall speed, some central banks in Europe, soon followed by Japan, took things into uncharted territory. They weren't exactly sure it would work, but rates have successfully gone as low as negative 0.75% in Switzerland without huge problems. If bonds and bank deposits that didn't earn anything weren't enough to get money flowing out of people's pockets, then charging people and companies for saving seemed like the logical next step
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