Wt_know Supersonic June 6, 2014 Share June 6, 2014 (edited) interest rate NEAR zero ... i know interest rate BELOW zero ... 1st time i heard you put money in the bank .... you kena penalty .... lol .... huat ah! spend $$$ spend $$$ spend $$$ stock market cheong ... will more $$$ come to singapore FRANKFURT — The European Central Bank (ECB) yesterday cut interest rates to record lows, as it imposed negative rates on overnight deposits to cajole banks into lending more to fight the risk of deflation. The cut — the first time the ECB has set a negative deposit rate that effectively charges banks to deposit funds with the central bank — was a response to a slowdown in inflation far below the ECB’s target of close to, but below, 2 per cent and to weak eurozone lending. That is a combination that risks dragging the bloc into an economic quagmire. The ECB lowered the deposit rate to minus 0.1 per cent from zero effective next Wednesday, cut its main refinancing rate by 10 basis points to 0.15 per cent and the emergency borrowing rate by 35 basis points to 0.40 per cent. ING analyst Carsten Brzeski said on CNBC TV: “The ECB just did it and entered new unchartered territory … It demonstrates the ECB’s determination and ability to act.” European stock markets jumped in mid-afternoon trade following the ECB’s unprecedented move, with France’s CAC adding 1.5 per cent, Germany’s DAX gaining 0.5 per cent and London’s FTSE rising 0.2 per cent. Across the Atlantic, the Dow Jones Industrial Average was up only 0.1 per cent in early trade. Meanwhile, the euro fell 0.2 per cent to a four-month low of US$1.3570. The ECB lowered its forecast for eurozone inflation yesterday, expecting it to reach 1.4 per cent in 2016, further from its target. The new medium-term ECB staff projections are lower than those published in March, when ECB staff forecast 1.5 per cent for 2016. The ECB also revised projections for this year’s inflation to a mid-point of 0.7 per cent from the previous 1 per cent. It predicted inflation next year at 1.1 per cent, lower than the earlier estimate of 1.3 per cent. The ECB also forecast the eurozone economy growing by 1.8 per cent in 2016, after 1.7 per cent next year and 1 per cent this year. Edited January 30, 2015 by pChou ↡ Advertisement Link to post Share on other sites More sharing options...
Solar Turbocharged June 6, 2014 Share June 6, 2014 this one really need to put money in milo tin leow 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic June 6, 2014 Share June 6, 2014 They are encouraging ppl to spend so as to stimulate economy ... ECB cuts rates, ours banks here slowly increasing rates.. Arising from ECB, garmen will probably say we will maintain 2.5% rate for CPF, very good liao, see, so much higher than other countries Link to post Share on other sites More sharing options...
Albeniz Turbocharged June 6, 2014 Share June 6, 2014 I need money! I hope the Singapore Ah Long operate this way by charging negative interest too. Pay me to borrow money from Ah Long. They are encouraging ppl to spend so as to stimulate economy ...ECB cuts rates, ours banks here slowly increasing rates..Arising from ECB, garmen will probably say we will maintain 2.5% rate for CPF, very good liao, see, so much higher than other countries Goal poles have previously been shifted for many times. I hope they don't charge negative interest for CPF. That will be the mother of all goal post-shiftings. Link to post Share on other sites More sharing options...
Staff69 Hypersonic June 6, 2014 Share June 6, 2014 Can tell me what would the impact be. Still clueless Link to post Share on other sites More sharing options...
Little_prince Supersonic June 6, 2014 Share June 6, 2014 knn. i got feeling the govt might get idea from this.... maybe going to charge us money for managing the CPF for us. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 6, 2014 Share June 6, 2014 GuNi Kong price will increase !! Quickly go buy !! 1 Link to post Share on other sites More sharing options...
Benarsenal Turbocharged June 6, 2014 Share June 6, 2014 Good time to go Europe actually. Things will be cheap now. Link to post Share on other sites More sharing options...
Scoots 3rd Gear June 6, 2014 Share June 6, 2014 GuNi Kong price will increase !! Quickly go buy !! also pillows and Ikea sofas! 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 7, 2014 Share June 7, 2014 (edited) Hosayliao, EurSgd go back to 1.60s level, long weekend can chiong Europe liao Edited June 7, 2014 by Throttle2 2 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic June 7, 2014 Share June 7, 2014 Hosayliao, EurSgd go back to 1.60s level, chiong Europe liao Yeah :)) Remember can only buy $600 worth of goods if not paying GST Link to post Share on other sites More sharing options...
Albeniz Turbocharged June 7, 2014 Share June 7, 2014 (edited) Hosayliao, EurSgd go back to 1.60s level, long weekend can chiong Europe liao Euro 1.6? Ah Bengs will queue up yo buy merc, BM and audis. Edited June 7, 2014 by Albeniz Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 7, 2014 Share June 7, 2014 also pillows and Ikea sofas!mattress also... Link to post Share on other sites More sharing options...
Wt_know Supersonic June 7, 2014 Author Share June 7, 2014 (edited) how can asia is not benefiting? so much money in the pool ... sure got plenty to pour into longkang ... i mean asia ... lol Edited June 7, 2014 by Wt_know Link to post Share on other sites More sharing options...
Celicar Turbocharged June 7, 2014 Share June 7, 2014 Banks and women are the same, if they show you zero or negative interest rate, it means they do not want your liquid assets deposited in them. 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 7, 2014 Share June 7, 2014 Yeah :)) Remember can only buy $600 worth of goods if not paying GST Buy there and immediately use, no need to pay GST liao....wooohoooo! Link to post Share on other sites More sharing options...
Wt_know Supersonic June 7, 2014 Author Share June 7, 2014 time to go swiss to whack rolex liao expect bigger discount from grey dealers? Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 8, 2014 Share June 8, 2014 time to go swiss to whack rolex liao expect bigger discount from grey dealers? Rolex in Asia is cheaper generally ↡ Advertisement Link to post Share on other sites More sharing options...
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