Shares are tumbling, interest rates are at zero – what does it mean for you?

Irish Times | Aug 15, 2019 at 12:35 PM
  • During the crisis the world’s central banks cut interest rates to unprecedented lows to try to stave off a collapse into a cycle of low growth and even deflation – where prices fall.
  • The US central bank -– the Fed – did manage to increase its key interest rates to close to 2.5 per cent.
  • The European Central Bank (ECB) has not been able to increase its base rate above zero and actually operates a negative rate for banks depositing overnight cash, meaning they pay the ECB.