Quick take on the BoJ shock rate cut

Posted on January 29th, 2016

The Bank has cut the effective cash interest rate to -0.1% from +0.1% (-20bp).  Banks will be required to pay 0.1% on balances held in their current account that are above a certain threshold. In order not to tax banks too much, the BoJ has introduced a three-tier system with current account balances up to the […]