Financial watchdog website Zero Hedge reported on Sunday that the Dutch bank ABN-Amro will soon be rolling out negative interest rates.
Quoting the NLtimes.nl article as it’s source,
ABN Amro business clients may soon feel the effects of the European Central Bank’s low interest rates. From October 1st, the Dutch bank is adjusting its conditions to state that the bank can give negative interest rates to account holders with a business checking or -savings account, ANP reports.
According to ABN Amro, this conditions adjustment is to make sure the bank is able to respond to “exceptional market conditions”, if necessary. The adjustment does not mean that the bank will immediately start charging customers a negative interest rate. The bank does not know when or if it will happen. “Should it occur, we will strive to spare customers with a restricted balance as much as possible.”
TRUNEWS host Rick Wiles has mentioned several times in interviews with financial experts on the program that one of the key signs of the decline of the EU will be the roll-out of negative interest rates by key banks.
– See more at: http://www.trunews.com/article/dutch-banks-rolling-out-negative-interest-rates#sthash.RnYIeWHy.dpuf
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