IN the face of increasingly challenging economic times, interest rates the world over are doing the “limbo rock”. They are going lower and lower. So, how low can they go?
Well, the two largest economies in the world have already had their key interest rates slashed to near zero levels since last month. The US Fed rates currently range from 0% to 0.25%, while Japan’s key rate is now at 0.1%. Hong Kong’s benchmark interest rate is also super low at 0.5%.