image credit: Pxhere
The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.
Customers at the Danish home-finance unit of Nordea Bank Abp can, as of Tuesday, get the mortgages, which will carry a lower coupon than benchmark U.S. 10-year Treasuries.
Denmark stands out in a global context as the country to have lived with negative central bank rates longer than any other.
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