IMF introduces floor on interest rates
By GCRU Gold News on Sunday, October 26 2014, 01:17 - Permalink
The International Monetary Fund has been forced to change the calculation of its most important interest rate after aggressive monetary easing around the world threatened to turn it negative.
Late on Friday, the IMF said it was introducing a floor of 0.05 per cent for the interest rate on Special Drawing Rights, its own form of international currency.