If a country has low interest rates, it means that it is the worst time to save. So the best way to get people and companies to spend more is to lower interest rates.
After the recession of 2008, many countries cut interest rates to record lows and entered the era of 'cheap money'. Some countries have decided to go one step further and reduce interest rates.
Denmark was the first country to introduce this policy. Then Japan, Switzerland and Sweden adopted this method.Now, due to Code Nineteen, when the world's economies are in trouble, the interest rate in the United States and Europe is zero.
here are still some countries with interest rates below zero, such as Denmark, Switzerland and Japan.
Japan has kept its interest rate at minus 0.1 percent and is not considering changing it for the next few years.