It’s official: the world has gone mad.
In Denmark a bank is paying people to take out a home loan with them.
Jyske, Denmark’s third largest bank, is offering a mortgage rate of -0.5% for 10 years, which means borrowers’ debts are reduced by more than the amount they pay back. Not bad at all but spare a thought for the savers in 20 countries where they have to pay to put their money in 5 year government bonds. Both sound like great material for a Tui ad, but they’re true.