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A comment on Denmark offers homeowners 20-year loans at a fixed interest rate of zero. Parent comment
Central banks drive down the rates by buying government debt that would otherwise have to be sold to the rest of the market.
They're therefore adding a massive amount of demand for the debt, thereby pushing up the price (and reducing the interest).
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Central banks drive down the rates by buying government debt that would otherwise have to be sold to the rest of the market.
They're therefore adding a massive amount of demand for the debt, thereby pushing up the price (and reducing the interest).