What is a NIRP?
Like most people, you likely have not heard of Negative Interest Rate Policies (NIRP) before. Imagine putting $100 into the bank just so you can take out less than $100 in the future. How about buying a house using a mortgage where you pay back less than you borrowed. Crazy! But real. Negative interest rates are becoming common in Europe after having been used by Japan (with little success) for many years.