http://www.wsj.com/articles/the-upside-down-world-of-negative-interest-rates-1460643111
Hans Peter Christensen got some unusual news when he opened his most recent mortgage statement. His quarterly interest payment was negative 249 Danish kroner.
Instead
of paying interest on the loan he got a decade ago to buy a house in
this northern Denmark city, his bank paid him the equivalent of $38 in
interest for the quarter. As of Dec. 31, his mortgage rate, excluding
fees, stood at negative 0.0562%.
It has been nearly four years
since Denmark entered the world of negative monetary policy, and
borrowers and lenders alike are still trying to make sense of the
upside-down world it has brought.
“My parents said I should frame
it, to prove to coming generations that this ever happened,” said Mr.
Christensen, a 35-year-old financial consultant, about his bank
statement.
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