Meaning of “negative interest rate” in the English Dictionary

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"negative interest rate" in Business English

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negative interest ratenoun [ C ]

uk us MONEY, BANKING

an interest rate below zero, in which the person, bank, etc. lending the money pays interest to the one borrowing the money:

Why should savers be prepared to accept a negative interest rate on savings?

(Definition of “negative interest rate” from the Cambridge Business English Dictionary © Cambridge University Press)