Quickly adjusting interest rates for credit downwards is certainly not a specialty of banks. However, borrowing costs must go down in the coming period, says Joost Derks, currency expert at iBanFirst, in the podcast Boerenbusiness Currency. The deposit rates of the major central banks will continue to fall for a while. With presenter Eric de Lijster, Derks reflects on the historic interest rate decision of the American central bank Fed and the predictable actions of the European Central Bank. He also discusses the favorable exchange rate of the British pound, the euro/dollar for Dutch exporters and the developments in the United Kingdom, China and Canada.
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