A decline in real interest rate on fixed-term deposits
Toivanen, Mervi (10.10.2008)
Numero
3
2008
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408074891Tiivistelmä
Banks advertise their offerings of fixedterm deposits with attractive interest rates. They promise to pay attractive interest on deposits held for long periods. But rising inflation lowers the real yield on fixedterm deposits.